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The total population of Caspian is estimated to be 611 with 325 males (53.19%) and 286 females (46.81%). There are 39 less females than males in Caspian.
The median household income in Caspian was $42,786 in 2021, which marked an an increase of 5,604(15.07%) from $37,182 in 2020. This income is 57.35% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Caspian sees its highest median household income among householders in the age group of 45 to 64 years old, at $49,317. Overall, the median household income for the city of Caspian stands at $42,786.
In Caspian, the median income for all workers aged 15 years and older, regardless of work hours, was $37,291 for males and $16,978 for females. However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $49,992 for males, while data for females was unavailable due to an insufficient number of sample observations.
In Caspian, population is primarily represented by White households, reporting a median income of $45,263.
In 2022, the population of Caspian was 808, a 0.37% increase year-by-year from 2021. Previously, in 2021, Caspian's population was 805, a decline of 0.49% compared to a population of 809 in 2020.
The median age in Caspian, MI is 52.4, as per 2021 ACS 5-Year Estimates. Of the total population, 13.73% were under the age of 15, 10.20% aged 15 to 29, 43.53% aged 30 to 64, 29.61% aged 65 to 84, and 2.94% were 85 years of age and older.
Racial distribution of Caspian population: 89.61% are White, 3.53% are Black or African American, 1.76% are Asian and 5.10% are multiracial.