Caspian, MI Profile: Facts, Map & Data

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Caspian, Michigan - Basic Facts

Real Estate Resources

The City of Caspian had a population of 872 as of July 1, 2017.

The primary coordinate point for Caspian is located at latitude 46.0653 and longitude -88.6266 in Iron County. The formal boundaries for the City of Caspian (see map below) encompass a land area of 1.42 sq. miles and a water area of 0 sq. miles. Iron County is in the Central time zone (GMT -6). The elevation is 1,496 feet.

The City of Caspian (GNIS ID: 1626043) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Beneath the boundary map are tables with Caspian population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2017.


Neighborhood Data

Address Based Hyperlocal Data Input an address and get data & demographics for the pertinent census block group (CBG), a searchable map and a customized directory. The CBG is the smallest geographical unit used by the Census Bureau for reporting certain data.

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City of Caspian, MI Boundary Map



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Boundary Maps: Iron County | Michigan Counties

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Caspian, MI Data & Demographics (As of July 1, 2017)

POPULATION

Total Population 872
Daytime Population: Workers 244
Daytime Population: Residents 486
Total Daytime Population (TDP) 730
Ratio TDP/Total Population1 0.84
Population in Households 853
Population in Familes 639
Population in Group Qrtrs 19
Population Density2 612
Diversity Index3 15
 

INCOME

Median Household Income $35,446
Average Household Income $45,878
Per Capita Income $21,546

HOUSING

Total Housing Units 527 (100%)
Owner Occupied HU 309 (58.6%)
Renter Occupied HU 108 (20.5%)
Vacant Housing Units 110 (20.9%)
Median Home Value $70,652
Average Home Value $96,926
 

HOUSEHOLDS

Total Households 417
Average Household Size 2.05
Family Households 241
Average Family Size 3
NOTES
  1. If the ratio of the TDP to Total Population is greater than 1, the location gains population during the day when commuting workers are present. If the ratio is less than 1, the location is more of a bedroom community where people commute to another place for work.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.

GROWTH RATE / YEAR

2010-2017 2017-2022
Population -0.53% -0.6%
Households -0.42% -0.58%
Families 0.89% -0.76%
Median Household Income   0.91%
Per Capita Income   2.37%

Caspian, MI - Peer Comparisons by Rank and Percentile

The table below compares Caspian to the other 692 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2017 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 457 34th
Population Density # 474 32nd
Diversity Index # 426 39th
Median Household Income # 613 12th
Per Capita Income # 481 31st

Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.

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