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Caspian, MI
City in Iron County, Michigan. ZIP codes: 49915.
Population
600
Land area
1.4sq mi
People per sq mi
421
ZIP codes
1
Caspian and its ZIP codes
Caspian at a glance
- Caspian is about 2.4 times as dense as Michigan as a whole.
- The median household income is $32,794, 55% below the Michigan median of $72,875.
- A typical owner-occupied home is valued at $79,100 (66% below Michigan) and median rent is $665 a month.
Local data for Caspian, MI
Counts from official public data
Housing and community stats
Caspian, MI, American Community Survey 2020-2024
Median household income
$32,794
Poverty rate
35.3%
Median home value
$79,100
Median rent
$665/mo
Homeownership
75.3%
Bachelor's or higher
12.7%
Median age
49.0
Average commute
24.2 min
Largest reported origins and ancestries: German Americans (153), Italian Americans (109), Polish Americans (59).
Economy and federal money
Jobs, pay, income and spending are for Iron County. PPP loans are for Caspian.
Unemployment rate
6.2%
Aug 2026, -0.3 pts in a year
Average annual pay
$46,937
3,371 jobs, 2025
Income per person
$53,507
BEA, 2024
Federal spending
$121M
FY 2026, $10,405 per person
PPP loans
$146K
4 loans, 34 jobs reported
How people get to work
Caspian, MI, workers 16 and older. American Community Survey 5-year estimates
- Drove alone76.7%
- Carpooled7.3%
- Public transit0.0%
- Walked1.9%
- Bicycle0.0%
- Taxi, ride-hailing, motorcycle or other5.8%
- Worked from home8.3%
Average one-way commute: 24.2 minutes for people who do not work from home.
Environment and hazard risk
Caspian, MI, from FEMA, NOAA and EPA
Natural hazard risk
Relatively Low
Top: cold wave
Storm events since 1996
408
Countywide, mostly thunderstorm wind
Flood insurance policies
1
0.0% of homes, county
July high / Jan low
77° / 0°F
30.5 inches of rain a year
Hazards, floods and storm historyCheck a flood zone4 historic places
Health statistics
Share of adults in Caspian, MI, CDC PLACES estimates
Obesity
40.4%
U.S. 33.3% +7.1 pts
Diabetes
15.5%
U.S. 12.1% +3.4 pts
Smoking
18.1%
U.S. 12.8% +5.3 pts
Uninsured (18-64)
6.5%
U.S. 11.1% -4.6 pts
ZIP codes in Caspian
1 in or overlapping Caspian. Population shown
Cities near Caspian
| Name | Distance | Land area (sq mi) |
|---|---|---|
| GaastraCity | 1 mi | 1.6 |
| Iron RiverCity | 2.7 mi | 6.7 |
| AlphaVillage | 12 mi | 0.9 |
| Crystal FallsCity | 15 mi | 3.5 |
| AmasaCensus-designated place | 15 mi | 4 |
| Long Lake, WICensus-designated place | 15 mi | 0.3 |
| Florence, WICensus-designated place | 21 mi | 2.7 |
| Newald, WICensus-designated place | 23 mi | 0.8 |
Frequently asked questions
- What county is Caspian, MI in?
- Caspian is in Iron County, Michigan.
- What ZIP codes are in Caspian, MI?
- ZIP codes in or overlapping Caspian include 49915.
- What is the population of Caspian, MI?
- About 600 people live in Caspian, based on American Community Survey 5-year estimates.
- What cities are near Caspian?
- Nearby places include Gaastra (1 mi), Iron River (2.7 mi), Alpha (12 mi), Crystal Falls (15 mi), Amasa (15 mi).
Source: U.S. Census Bureau (TIGER/Line boundaries, American Community Survey) · Data as of 12/31/2023