The City of Caspian had a population of 895 as of July 1, 2020.
The primary coordinate point for Caspian is located at latitude 46.0641 and longitude -88.6315 in Iron County. The formal boundaries for the City of Caspian 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.
|Total Population||895 (100%)|
|Population in Households||876 (97.9%)|
|Population in Families||653 (73.0%)|
|Population in Group Quarters1||19 ( 2.1%)|
|Median Household Income||$36,871|
|Average Household Income||$48,854|
|% of Income for Mortgage4||9%|
|Per Capita Income||$22,721|
|Total HU (Housing Units)||535 (100%)|
|Owner Occupied HU||305 (57.0%)|
|Renter Occupied HU||127 (23.7%)|
|Vacant Housing Units||104 (19.4%)|
|Median Home Value||$76,010|
|Average Home Value||$123,607|
|Housing Affordability Index3||286|
|Average Household Size||2.03|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||1.3%|
|Per Capita Income||2.11%|
|Owner Occupied HU||-0.13%|
The table below compares Caspian to the other 692 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2020 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.
|Total Population||# 453||35th|
|Population Density||# 472||32nd|
|Median Household Income||# 629||9th|
|Housing Affordability Index||# 607||88th|
|Per Capita Income||# 529||24th|
|Diversity Index||# 377||45th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.