PlainZIP

Caspian, MI · standard

ZIP Code 49915

Iron County, Michigan - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

630
270/sq mi
$35,000
Median income
$79,100
Median home value
13.7%
Bachelor's or higher

The verdict

Caspian pairs one of the lowest household incomes in the country with among the most affordable home values nationally, in a low-density, homeowner-dominated area.

3th pct
household income, US ZIPs
4th pct
home value, US ZIPs
270
people per sq mi
83%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 49915 against every reporting US ZIP.

ZIP code 49915 is a sparsely populated ZIP (a standard USPS delivery area) in Caspian, Iron County, Michigan, home to just 630 residents across 2.3 square miles, a density of 270 people per square mile, in the Menominee time zone.

ZIP 49915 sits on the lower end of the income spectrum: median household income is $35,000 (52% below the Michigan average), while per-capita income is $27,342. Local economic indicators show a 34.0% poverty rate alongside 5.0% unemployment. Housing costs here run $79,100 for a typical home value (64% below the state average), with rent averaging $780 a month; 83.0% of homes are owner-occupied.

Formal educational attainment runs low here: just 13.7% of adults hold a bachelor's degree or higher, the median age is 47.4, and the average commute is -. We also surface 3 nearby ZIP codes within roughly 10 miles and 5 additional ZIPs sharing Iron County, so you can benchmark 49915 against its immediate geography rather than a national average alone.

Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 49915, Caspian, MI · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.

Quick Facts

630

Population

2.3

Area (sq mi)

270

People / sq mi

Menominee

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 49915?

47.4

Median Age

50.5%

Male

49.5%

Female

1.4%

Foreign-Born

White 79.5%
African American 0.2%
Asian 1.1%
American Indian or Alaska Native 2.8%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 15.8%
Hispanic or Latino 0.0%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$35,000

Median Household Income

-52% vs state

$27,342

Per Capita Income

34.0%

Poverty Rate

5.0%

Unemployment Rate

How ZIP 49915 ranks nationally

Caspian, MI household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$35,000 3rd percentile higher than 3% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). This entry sits in this band. $40,000–$60,000: 7,092 US ZIPs (23%). Above this entry. $60,000–$80,000: 9,980 US ZIPs (33%). Above this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 51.5%
Bachelor's Degree or Higher 13.7%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

359

Total Housing Units

294

Occupied Units

65

Vacant Units

1.94

Avg Household Size

Occupancy Type

Owner 83.0%
Renter 17.0%

$79,100

Median Home Value

-64% vs state

$780

Median Rent

1946

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What businesses operate in this ZIP?

Census Bureau data shows 20 business establishments in ZIP 49915, employing approximately 100 people with a combined annual payroll of $3,229,000.

20

Businesses

100

Employees

$3.2M

Annual Payroll

2

Industry Sectors

Industry Establishments % of Total
Retail trade 5 25.0%
Construction 3 15.0%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 49915 vs 49927 →

ZIP 49915 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 49915 ranks #2 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 49915 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 49915 ranks #4 of 4 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
49927 Gaastra, MI 483 3.1 mi
54542 Long Lake, WI 470 10.9 mi
49935 Iron River, MI 6,096 11.0 mi

More ZIP Codes in Iron County

49935 standard
Iron River, MI
Pop: 6,096
49920 standard
Crystal Falls, MI
Pop: 4,273
49927 standard
Gaastra, MI
Pop: 483
49902 standard
Alpha, MI
Pop: 145
49903 standard
Amasa, MI
Pop: 133

Related Areas

Iron County Caspian, MI Michigan

Frequently Asked Questions

What county is ZIP code 49915 in? ▼
ZIP code 49915 (Caspian) is located in Iron County, Michigan. Iron County contains multiple ZIP codes, see the full list at /counties/iron-mi.
What is the population of ZIP code 49915? ▼
ZIP code 49915 in Caspian, MI has a population of 630 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 49915? ▼
The median household income in ZIP 49915 is $35,000, which is 54% below the national average of $76,288.
What is the average home value in ZIP 49915? ▼
The median home value in ZIP 49915 is $79,100, which is 72% below the national average of $278,155.
What is the demographic makeup of ZIP 49915? ▼
The largest racial group in ZIP 49915 is White at 79.5%.
How many businesses are in ZIP code 49915? ▼
ZIP code 49915 has 20 business establishments employing approximately 100 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What is the education level in ZIP code 49915? ▼
In ZIP code 49915, 51.5% of residents aged 25+ have a high school diploma or higher, and 13.7% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What percentage of residents own vs. rent in ZIP 49915? ▼
In ZIP code 49915, approximately 83.0% of occupied housing units are owner-occupied and 17.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 49915? ▼
The poverty rate in ZIP code 49915 is 34.0% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.