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ZipNumbers

Michigan · Census place 13860

Caspian city, MI

Quick answer

Caspian city has 553 residents, ranking #534 of 745 places in Michigan. Median household income is $36,750, the median home is worth $69,400 and median gross rent runs $620 a month.

Population
553Caspian city residents
Median household income
$36,750Past 12 months, inflation adjusted
Median home value
$69,400Owner-occupied units
Median gross rent
$620Rent plus utilities, monthly
Median age
57.4 yrsAll residents
Homeownership rate
71.6%Owner-occupied households

What the numbers mean in Caspian city

Housing cost measured against local earnings.

A household earning the Caspian city median would spend about 20.2% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 25.7% of residents and 71.6% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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