Caspian

County:: Iron County
County Seat:: No
Area (mi²):: 1.427
State:: Michigan

Caspian is a city located in Iron County, Michigan. Caspian has a 2025 population of 823. Caspian is currently growing at a rate of 0.37% annually and its population has increased by 1.6% since the most recent census, which recorded a population of 810 in 2020.

The average household income in Caspian is $50,555 with a poverty rate of 25.68%.The median age in Caspian is 57.4 years: 57.6 years for males, and 57.2 years for females.

Demographics

The racial composition of Caspian includes 84.63% White, and smaller percentages for Native American, Asian, other race and multiracial populations.

Population by Race

Race	Population	Percentage (of total)
White	468	84.63%
Two or more races	70	12.66%
Native American	8	1.45%
Asian	4	0.72%
Other race	3	0.54%

Caspian Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Caspian's average per capita income is $29,688. Household income levels show a median of $36,750. The poverty rate stands at 25.68%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$53,000	-
Families	$46,000	$63,180
Households	$36,750	$50,555
Non Families	$22,330	$35,055

$29,688

Average Income

$36,750

Median Household Income

25.68%

Poverty Rate