All Countries
Caspian, MI
Full City Profile · Michigan · Iron County County
Caspian, MI
At a Glance
How Caspian Compares to the U.S. Average
Each bar shows Caspian's value as a percentage of the national average (100% = U.S. avg)
Is Caspian a Good Place to Live?
Economy & Jobs
Caspian residents earn a median household income of $36,750 , which is 51% below the national average of $75,149. Per capita income is $27,578. The unemployment rate stands at 4.1% (14% above the U.S. rate of 3.6%). 25.3% of residents live below the poverty line. The area is home to 392 business establishments, including 38 restaurants.
Housing & Cost of Living
The median home value in Caspian is $69,400 , 75% below the national median of $281,900. Zillow estimates the typical home at $101,442. Median rent is $620/month, with 32.8% of renters spending more than 30% of income on housing. The cost of living index is 96.2 (100 = national average). The median home was built in 1949.
Safety & Crime
Caspian reports 205 violent crimes per 100,000 residents , which is 46% below the national average of 380/100K. Property crime is 4,162/100K.
Education
15.7% of adults in Caspian hold a bachelor's degree or higher (53% below the national average). 89.1% have completed high school. Local schools score 5.0/10 in standardized testing.
Climate & Weather
Caspian has an average annual temperature of 39°F (4°C). Winters average 11°F in January while summers reach 64°F in July. The area gets 249 sunny days per year. Annual precipitation totals 30.5 inches. Air quality is rated Good with a median AQI of 38.