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Alvarado, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
317
Population
$66,964
Median Income
$133,300
Home Value
31.7
Median Age

Demographics

Alvarado has a population of 317 with a median age of 31.7. Here is the racial and ethnic breakdown of the population:

White
62.5%
Hispanic
24.6%
Other
12.9%
Demographic Value
Total Population317
Median Age31.7
White62.5%
Hispanic or Latino24.6%
Other / Two or More Races12.9%
Alvarado, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 62.5%Hispanic/Latino: 24.6%Other: 12.9%317PopulationWhiteWhite62.5%Hispanic/LatinoHispanic/Latino24.6%OtherOther12.9%

Income & Economy

The median household income in Alvarado is $66,964, which is 16.9% below the national median of $80,610. The per capita income is $34,000. The poverty rate is 12.3%.

$66,964
Median Household Income
$34,000
Per Capita Income
12.3%
Poverty Rate

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Education

In Alvarado, 84.1% of residents age 25+ have a high school diploma or higher, and 21.0% hold a bachelor's degree or higher (6.2% with a graduate or professional degree).

HS Diploma+
84.1%
Bachelor's+
21.0%
Graduate+
6.2%
Education Level % of Adults (25+)
High School Diploma or Higher84.1%
Bachelor's Degree or Higher21.0%
Graduate or Professional Degree6.2%

Housing

The median home value in Alvarado is $133,300, below the national median of $303,400. The median monthly rent is $1,075. The homeownership rate is 71.1%.

$133,300
Median Home Value
$1,075/mo
Median Rent
71.1%
Homeownership Rate
Housing Metric Value
Median Home Value$133,300
Median Monthly Rent$1,075
Homeownership Rate71.1%
Vacancy Rate18.2%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Alvarado, Minnesota?
The population of Alvarado, Minnesota is 317 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Alvarado, Minnesota?
The median household income in Alvarado, Minnesota is $66,964. This is 16.9% below the national median of $80,610.
What is the median home value in Alvarado, Minnesota?
The median home value in Alvarado, Minnesota is $133,300. The median monthly rent is $1,075.
What percentage of people in Alvarado have a college degree?
In Alvarado, Minnesota, 21.0% of adults age 25 and older hold a bachelor's degree or higher, and 84.1% have a high school diploma or higher.
Is Alvarado, Minnesota an affordable place to live?
The home price-to-income ratio in Alvarado, Minnesota is 2.0x (median home value $133,300 vs. median income $66,964), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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