Everything You Should Know Before Moving to Caspian, MI
Thinking of moving to Caspian, MI? With a close-knit population of 773 and a median home price of just $59,000, Caspian is an affordable option for those seeking a quieter lifestyle. The cost of living is well below the national average, and crime rates remain low. Residents enjoy short 17-minute commutes, access to solid local schools, and experience all four seasons with snowy winters and mild summers. Explore the details below to see if Caspian is the small-town Michigan fit you're looking for!
Demographics - Caspian, MI
Demographics - Caspian, MI
Caspian, MI is a small, close-knit city with 773 residents and a population density of 730 per square mile. The community is predominantly White, and the median age of 48 reflects a mature population, making it an appealing choice for those seeking a slower pace of life.
Population:
773
Density:
730 per sq mi
Median Age:
48.2
Gender Ratio:
94 males per 100 females
Non-English Speakers Percentage:
3.2%
Ethnic Composition
White:
96.0%
Black:
0.4%
Asian:
0.1%
Others:
3.5%
Cost Of Living
What is the average cost of living in Caspian, MI?
Caspian offers an affordable cost of living, with a median home value of just $59,000 and average rent at $620. Essential expenses like utilities and groceries remain below the national average, making it an attractive option for budget-conscious movers.
Median House Value:
$59,000
Gross Rent:
$620
Monthly Electricity Charges:
$105
Auto Insurance:
$1,115
House Owner Cost With Mortgage:
$820
House Owner Cost Without Mortgage:
$340
State Taxes:
Low:
4.25%
|
High:
4.25%
Cost Of Living Index:
76.0
Grocery:
92.0
Housing:
38.0
Utilities:
97.0
Transportation:
93.0
Health Care:
97.0
Miscellaneous:
88.0
Crime
Is Caspian, MI a safe place to live?
Caspian experiences low crime rates, with just 164 violent crimes and 1,044 property crimes per 100,000 residents annually. Residents enjoy a safer environment than many cities, with the chance of being a victim of violent crime at only 1 in 610.
Violent Crimes Per 100k:
164
Property Crimes Per 100k:
1,044
Crime Index:
1,208
Chance Of Violent Crime:
1 in 610
Chance Of Property Crime:
1 in 96
Weather
What is the weather like in Caspian, MI year-round?
Residents in Caspian experience all four seasons, with snowy winters averaging lows of 6°F and mild summers peaking at 78°F. The city receives about 31 inches of rainfall annually and enjoys sunshine 46% of the year, making for crisp, varied weather throughout the year.
Winter
Min:
6°F
Max:
23°F
Spring
Min:
29°F
Max:
56°F
Summer
Min:
52°F
Max:
78°F
Fall
Min:
31°F
Max:
58°F
Average Rainfall Inches:
30.8 inches
Sunny Days Percentage:
46%
Neighbors
The typical household in Caspian earns around $38,000, and nearly 92% of adults have at least a high school diploma. Commutes are short, averaging just over 17 minutes, while the area maintains a small-town atmosphere with limited public transportation.
Median Income:
$29,700
Household Income:
$38,000
Family Income:
$49,500
Per Capita Income:
$21,700
Income Male:
$34,000
Income Female:
$28,300
Poverty Rate:
18.7%
Non English Speakers:
3.2%
Rent:
$620
Unemployment Rate:
5.6%
Public Transport Usage:
0.6%
Commute Time:
17.4 minutes
Education
High School or Higher:
91.8%
Bachelors or More:
14.6%
Education
How are the schools in Caspian, MI?
Caspian is served by West Iron County public schools, offering small class sizes and a supportive learning environment. Students seeking higher education have access to Bay College West Campus, located just 24 miles away in Iron Mountain.
Public Schools
Name:
West Iron County Elementary School
Street:
601 Garfield Ave
Phone:
906-265-9218
Students:
380
Student Teacher Ratio:
14.3
Name:
West Iron County High School
Street:
701 Garfield Ave
Phone:
906-265-5184
Students:
264
Student Teacher Ratio:
16.0
Colleges
Name:
Bay College West Campus
City:
Iron Mountain
State:
MI
Distance:
24 miles
Students:
600
Healthcare
Caspian residents have access to major healthcare facilities like Aspirus Iron River Hospital, and about 92% have health insurance coverage. Healthcare availability is solid for a small city, with 1.6 physicians per 1,000 residents.
Major Hospitals
Name:
Aspirus Iron River Hospital
Address:
1400 W Ice Lake Rd, Iron River, MI 49935
Phone:
(906) 265-6121
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.6
Health Insurance Coverage:
92.4%
Health Care Index:
78.0
Housing Market
What is the housing market like in Caspian, MI?
The housing market in Caspian is highly affordable, with a median home price of $59,000 and an 81% owner-occupancy rate. Rental options are available with an average two-bedroom rent of $620, and the area sees steady but modest home appreciation.
Median Home Price:
$59,000
Average Rent For 2 Bedroom:
$620
Owner Occupied Rate:
81.2%
Rental Vacancy Rate:
7.4%
Home Appreciation Rate (1yr):
3.1%
New Construction Rate:
0.7%
Foreclosure Rate:
0.3%
DMV Information
Department of Motor Vehicles services for Caspian are managed by the Michigan Secretary of State office in nearby Iron River, providing all standard licensing and registration services locally.
State:
Michigan
Department:
Michigan Secretary of State
Address:
302 Cedar St, Iron River, MI 49935
Phone:
1-888-767-6424
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.