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Caspian, MI
Full City Profile · Michigan · Iron County County
2.7
/5.0
C+
Fair
553
Population
387/sq mi density
$36,750
Median Income
$27,578 per capita
$69,400
Home Value
$101,442 Zillow
$620
Median Rent
32.8% income on rent
39°F
Avg Temperature
249 sunny days/yr
205
Violent Crime/100K
4,162 property/100K
C+
Overall
2.7 / 5.0
Fair overall score based on economy, affordability, safety and education
C
Economy
2.4 / 5.0
$36,750 median income, 4.1% unemployment
A+
Affordability
5.0 / 5.0
$69,400 home value, $620/mo rent
F
Safety
1.0 / 5.0
205 violent crimes/100K
C
Education
2.3 / 5.0
15.7% bachelor's degree or higher
Income Overview
Median Household Income
$36,750
51% below
US avg: $75,149
Per Capita Income
$27,578
29% below
US avg: $39,052
Unemployment Rate
4.1%
14% above
US avg: 3.6%
Poverty Rate
25.3%
104% above
US avg: 12.4%
Income Comparison: Caspian vs. U.S. Average
Each bar shows Caspian’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$36,750
49%
Per Capita
US: $39,052
$27,578
71%
IRS Avg AGI
US: $72,000
$53,815
75%
Avg Weekly Wage
US: $1,432
$864
60%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$864
40% below US avg ($1,432)
Mean Commute Time
25 min
10% below US avg (28 min)
Work From Home
1.7%
89% below US avg (15.2%)
Drive Alone
79.9%
9% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$420M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
79.9%
Public Transit
0%
Work From Home
1.7%
Other
18.4%
Average commute time
25 minutes
US avg: 28 min
Business Landscape
Total Establishments
392
Restaurants
38
Healthcare
28
Retail
50
Manufacturing
17
Tax & Financial
IRS Avg Adjusted Gross Income
$53,815
25% below US avg ($72,000)
Avg Property Tax
$4,533
30% above US avg ($3,500)
Cost of Living Index
96.2
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $36,750 |
| Per Capita Income | $27,578 |
| IRS Avg Adjusted Gross Income | $53,815 |
| Avg Weekly Wage | $864 |
| County GDP | $420M |
Hardship Indicators
| Unemployment Rate | 4.1% |
| Poverty Rate | 25.3% |
| Gini Coefficient | 0.434 |
| Cost of Living Index | 96.2 |
Commute
| Mean Commute | 25 minutes |
| Drive Alone | 79.9% |
| Public Transit | 0.0% |
| Work From Home | 1.7% |
Businesses
| Total Establishments | 392 |
| Restaurants | 38 |
| Healthcare | 28 |
| Retail | 50 |
| Manufacturing | 17 |
Tax
| IRS Avg AGI | $53,815 |
| Avg Property Tax | $4,533 |