Caspian, MI
Population 553 · Michigan
About Caspian, MI
Caspian is a small community in Michigan with a population of 553 residents. The median household income is $36,750 per year, which is below the national average. The median age in Caspian is 57.4 years.
Housing in Caspian has a median home value of $69,400 and median monthly rent of $620. Of the 383 total housing units, the majority are owner-occupied, with 217 owner-occupied and 86 renter-occupied units.
The unemployment rate in Caspian is 10.3% and the poverty rate is 25.7%. 15.7% of residents hold a bachelor's degree or higher. The average commute time is 24.9 minutes.
How Caspian Ranks in Michigan
Cost of Living in Caspian, MI
Compared to national averages, Caspian has a median household income of $36,750 (51% below the national median of $75,149). Home values average $69,400, which is 72% below the national median. Monthly rent at $620 is 47% below the US average of $1,163. Within Michigan, Caspian's income is 44% below the state average of $66,017, and home values are 62% below the state median of $183,391.
Why Live in Caspian, MI?
Caspian offers affordable housing with a median home value of $69,400, below the US average of $244,900, and rent that’s lower than the national average at $620/month, and short commute times averaging just 24.9 minutes.
Potential considerations include median household income ($36,750) that falls below the national average. However, Caspian’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Caspian has a population of 553 with a median age of 57.4 years. Compare Caspian with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Caspian
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bay Port | 558 | $50,313 | $119,200 | Compare |
| Robin Glen-Indiantown | 545 | $33,594 | $0 | Compare |
| Mulliken | 541 | $78,654 | $154,700 | Compare |
| Interlochen | 538 | $80,625 | $148,600 | Compare |
| Martin | 570 | $56,818 | $161,700 | Compare |
| Bancroft | 571 | $80,000 | $117,000 | Compare |
| Republic | 530 | $41,136 | $60,700 | Compare |
| Tekonsha | 579 | $52,679 | $90,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Caspian
What is the population of Caspian, MI?
The population of Caspian, MI is 553 according to the latest Census data.
What is the median household income in Caspian?
The median household income in Caspian, MI is $36,750 per year.
What is the median home value in Caspian?
The median home value in Caspian, MI is $69,400.
What is the average rent in Caspian?
The median monthly rent in Caspian, MI is $620.
What is the unemployment rate in Caspian?
The unemployment rate in Caspian, MI is 10.3%.