Cost of living in Caspian, MI

Caspian is a Census city in Iron County, MI. ACS 2024 5-year population is 600. Median gross rent is $665 (ACS 2024 5-year, this place). Median home value is $79,100. Median household income is $32,794. Insurance is the NAIC state average; food is a USDA plan — no town indexes.