Alvarado, MN
Population 338 · Minnesota
About Alvarado, MN
Alvarado is a small community in Minnesota with a population of 338 residents. The median household income is $70,000 per year, which is near the national average. The median age in Alvarado is 31.2 years.
Housing in Alvarado has a median home value of $132,700 and median monthly rent of $1,208. Of the 143 total housing units, the majority are owner-occupied, with 88 owner-occupied and 28 renter-occupied units.
The unemployment rate in Alvarado is 6.4% and the poverty rate is 14.5%. 25.3% of residents hold a bachelor's degree or higher. The average commute time is 23.1 minutes.
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 Census data.
What is the median household income in Alvarado?
The median household income in Alvarado, MN is $70,000 per year.
What is the median home value in Alvarado?
The median home value in Alvarado, MN is $132,700.
What is the average rent in Alvarado?
The median monthly rent in Alvarado, MN is $1,208.
What is the unemployment rate in Alvarado?
The unemployment rate in Alvarado, MN is 6.4%.