The Town FilesCaspian, Michigan
City in Iron County · population 805 (2020 Census)
- Median home
- $79,100
- Household income
- $32,794
- Jan low / Jul high
- 0° / 77°
- Snow a year
- 67 in
- Tornadoes ≤10 mi since 1950
- 7
- Median age
- 49.0
Caspian is a city of 805 people in Iron County, Michigan. The median home is worth $79,100, below the typical Michigan town ($193,900). It ranks better for retirees than 95% of Michigan towns, quieter than 84% of Michigan towns, better for a vacation home than 79% of Michigan towns.
How Caspian ranks
Percentile among Michigan towns with at least 500 people on The Town Files lifestyle rankings. 50 is typical for the state; 90 means better than 90% of Michigan towns.
Homes and cost of living
The median home in Caspian is worth $79,100, below the typical Michigan town ($193,900). Homes cost about 2.4 times the median household income of $32,794, which is more affordable than 80% of Michigan towns. Median rent is $665 a month. 75.3% of households own their home.
| Housing | Caspian | Typical Michigan town |
|---|---|---|
| Median home value | $79,100 | $193,900 |
| Median rent | $665 | $955 |
| Median household income | $32,794 | $69,792 |
| Home value ÷ income | 2.4× | 2.8× |
| Homeownership | 75.3% | 86.8% |
| Median year built | 1950 | 1975 |
| Seasonal / vacation homes | 7.9% | — |
Who lives in Caspian
| People | Caspian | Typical Michigan town |
|---|---|---|
| Median age | 49.0 | 43.7 |
| Age 65 and over | 29.8% | 20.7% |
| Under 18 | 16.7% | — |
| Bachelor's degree or higher | 12.7% | 21.5% |
| Below the poverty line | 35.3% | 10.4% |
| Veterans | 8.0% | — |
| Born outside the U.S. | 1.3% | — |
| Work from home | 8.3% | 9.1% |
| Average commute | 24.2 min | 25.6 min |
| Homes with broadband | 82.4% | 88.8% |
Weather in Caspian
July highs average 77.0°F and January lows 0.3°F. About 30.5 inches of rain and melted snow fall a year, with 67.4 inches of snow (typical Michigan town: 52.1 in). Expect about 2 days a year at 90°F or hotter and 211 nights at or below freezing.
Tornadoes, storms and disasters
7 tornadoes have passed within 10 miles of Caspian since 1950, compared with 10 for the typical Michigan town. The strongest, an EF1, struck on August 9, 2020 about 5.9 miles from the town center. The most recent was on August 9, 2020.
Hail of 1 inch or larger has been reported within 10 miles 23 times; the largest was 1.75 inches on April 18, 2004.
Severe weather in Iron County since 1996
Iron County has been included in 7 federal disaster or emergency declarations since 1953, most often for flood, drought, hurricane.
| Declared | Incident | Declaration |
|---|---|---|
| June 30, 2026 | Flood | DR-4925: Severe Storms, Tornadoes, And Flooding |
| March 27, 2020 | Biological | DR-4494: Covid-19 Pandemic |
| March 13, 2020 | Biological | EM-3455: Covid-19 |
| September 7, 2005 | Hurricane | EM-3225: Hurricane Katrina Evacuation |
| May 6, 2002 | Flood | DR-1413: Flooding |
Jobs and pay in Iron County
Iron County had 3,410 jobs in 2024, paying an average of $44,921 a year. Unemployment was 5.6% in 2023; in Caspian itself the ACS puts it at 5%.
Towns near Caspian
- Iron River, MI2.2 mi · 3,007 people · home $85,000
- Bates, MI12.4 mi · 925 people · home $163,200
- Iron River, MI14.6 mi · 1,052 people · home $153,600
- Crystal Falls, MI14.7 mi · 1,598 people · home $83,300
- Florence, WI16.0 mi · 2,096 people · home $196,200
- Mastodon, MI16.8 mi · 576 people · home $124,000
- Stambaugh, MI17.1 mi · 1,200 people · home $188,100
- Crystal Falls, MI19.8 mi · 1,647 people · home $180,900
Caspian questions
Is Caspian, Michigan a good place to retire?
On The Town Files lifestyle rankings, Caspian scores better for retirees than 95% of Michigan towns and quieter than 84%. 29.8% of residents are 65 or older (median age 49.0).
How much does a house cost in Caspian?
The median owner-occupied home in Caspian is valued at $79,100 (Census ACS 2020–2024), against a median household income of $32,794, so homes cost about 2.4 times income. Median rent is $665 a month.
What is the weather like in Caspian?
July highs average 77.0°F and January lows 0.3°F (NOAA 1991–2020 normals). It gets about 30.5 inches of precipitation a year and 67.4 inches of snow.
Does Caspian get tornadoes?
7 tornadoes have passed within 10 miles of Caspian since 1950 (NOAA Storm Events); the strongest was an EF1 on August 9, 2020. The typical Michigan town has had 10.
- U.S. Census Bureau, American Community Survey 5-year estimates (2020–2024)
- U.S. Census Bureau, 2020 Census and 2025 Gazetteer (2020 / 2025)
- NOAA NCEI U.S. Climate Normals (1991–2020)
- NOAA NCEI Storm Events Database (1950–2026)
- FEMA OpenFEMA Disaster Declarations (this product uses the FEMA OpenFEMA API but is not endorsed by FEMA) (1953–2026)
- NCES Common Core of Data (2023–24)
- BLS Quarterly Census of Employment and Wages; USDA ERS county unemployment (BLS LAUS) (2000–2024)
- The Town Files lifestyle rankings, built from federal demographic, school, crime and housing data (2025)