Alvarado, MN
Population 338 · Minnesota
About Alvarado, MN
Alvarado is a small community located in Minnesota with a population of 338 residents according to the latest US Census Bureau American Community Survey data. The median household income is $70,000 per year, which is 7% below the national median of $75,149. The median age of 31.2 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Alvarado features a median home value of $132,700, which is 46% below the national median of $244,900. This makes Alvarado one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,208, 4% above the national average of $1,163/month. Of the 143 total housing units, 76% are owner-occupied (88 units) and 24% are renter-occupied (28 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Alvarado shows an unemployment rate of 6.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 14.5%, above the national average of 12.4%. Workers in Alvarado have an average one-way commute time of 23.1 minutes.
Education & Demographics
25.3% of Alvarado residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 23.4% White, 11.5% Hispanic or Latino, 0.0% Black or African American, and 2.7% Asian residents, with 5.6% of the population being foreign-born.
Cost of Living in Alvarado, MN
Compared to national averages, Alvarado has a median household income of $70,000 (7% below the national median of $75,149). Home values average $132,700, which is 46% below the national median. Monthly rent at $1,208 is 4% above the US average of $1,163. Within Minnesota, Alvarado's income is 6% below the state average of $74,221, and home values are 35% below the state median of $204,472.
Why Live in Alvarado, MN?
Alvarado offers affordable housing with a median home value of $132,700, below the US average of $244,900, and short commute times averaging just 23.1 minutes.
Potential considerations include median household income ($70,000) that falls below the national average. However, Alvarado’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Alvarado has a population of 338 with a median age of 31.2 years. Compare Alvarado with other cities to see how it stacks up, or explore all cities in Minnesota.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Alvarado
What is the population of Alvarado, MN?
The population of Alvarado, MN is 338 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Alvarado?
The median household income in Alvarado, MN is $70,000 per year, which is 7% below the national median of $75,149.
What is the median home value in Alvarado?
The median home value in Alvarado, MN is $132,700, which is 46% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Alvarado?
The median monthly rent in Alvarado, MN is $1,208, which is 4% above the national average of $1,163/month.
What is the unemployment rate in Alvarado?
The unemployment rate in Alvarado, MN is 6.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Alvarado, MN a good place to live?
Alvarado offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 338 and a median age of 31.2, the city appeals to young professionals and families.
How educated is Alvarado, MN?
25.3% of residents in Alvarado aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Alvarado?
Key cost-of-living indicators for Alvarado, MN: median home value is $132,700 (46% below national), median rent is $1,208/month, and median household income is $70,000. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Alvarado?
The poverty rate in Alvarado, MN is 14.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Alvarado, MN?
Alvarado's population is 23.4% White, 11.5% Hispanic or Latino, 0.0% Black or African American, 2.7% Asian, and 0.0% two or more races. 5.6% of residents are foreign-born.