Cost of Living in Caspian, MI

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21%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
65%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Caspian Michigan National
Cost of living7991100
Groceries9798100
Health care9997100
Housing3576100
Transportation10096100
Utilities99100100
Lifestyle & Entertainment9796100
Household Items10098100
Education & Childcare9695100
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Homes For Sale In Caspian, MI

property for sale

201 Lennox Pl

Caspian, MI
property for sale

512 Baltic Ave

Caspian, MI
property for sale

4 19th St

Caspian, MI
property for sale

TBD W Caspian Ave

Caspian, MI
See the Newest Homes For Sale In Caspian, MI

Cost Of Living Quick Facts

  • The cost of living in Caspian is 13% lower than the Michigan average
  • The cost of living in Caspian is 21% lower than the national average
  • Caspian housing is 65% lower than the national average
  • Michigan general sales tax is 18% higher than the national average
  • Michigan state income tax is 64% higher than the national average

Most Affordable Places to Live in and Around Caspian

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      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$64,672$5,389$1,509$1,940
      Renters$18,560$1,547$433$557

      Michigan Sales Tax

      State General Sales Tax With Max Surtax
      Michigan 6% 6%

      Michigan Income Tax

      State Income Tax (Low) Income Tax (High)
      Michigan 4.25% 4.25%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Gaastra, MI3417723.0%
      Alpha, MI1967722.5%
      Amasa, MI2497821.7%
      Iron River, MI2,9388020.3%
      Crystal Falls, MI1,6908218.3%
      Caspian, MI5117920.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Cohasset, CA51114444.3%
      Miranda, CA51112726.6%
      Aguilar, CO5118713.2%
      Garcon Point, FL5111087.6%
      Delmar, IA5118614.3%
      Caspian, MI5117920.7%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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