Living in Alvarado, Minnesota
Cost of living, income, home prices, rent and demographics of Alvarado · Census data 2020–2024
Alvarado has 317 residents with a median age of 31.7. The median household income is $66,964 (25% lower than the Minnesota median), the median home value is $133,300, the median rent is $1,075/month.
Alvarado is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Alvarado at a glance
- Population
- 317
- Median age
- 31.7State: 38.8
- Median household income
- $66,964State: $89,062
- Median home value
- $133,300State: $329,300
- Median rent
- $1,075/moState: $1,280
- Homeowners
- 71.1%
- Bachelor's degree or higher
- 21%
- Average commute
- 24 min
Is Alvarado a good place to live?
Pros: Home values 60% lower than the state median.
Cons: Median household income 25% lower than the Minnesota median; an average commute of 24 minutes; unemployment of 7.1%; a poverty rate of 12.3%.
The weather is best in June to September.
Cost of living in Alvarado
Housing is the biggest part of the cost of living. In Alvarado the median home value is $133,300, 60% lower than the U.S. median. Renters pay a median of $1,075 per month, which is 30.6% of household income. Homeowners with a mortgage pay $1,163 a month in housing costs.
Alvarado median household income
The median household income in Alvarado is $66,964 and the income per person is $34,000. 12.3% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Alvarado: homes for sale and rent
- Housing units
- 148
- Owner-occupied
- 71.1%
- Renter-occupied
- 28.9%
- Vacant
- 18.2%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 2.62
Alvarado demographics
- Population
- 317
- Median age
- 31.7
- Under 18
- 28.7%
- 65 and older
- 12.6%
- Households
- 121
- Foreign-born
- 7.3%
- Veterans
- 3.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Alvarado ›
Education in Alvarado
21% of adults 25 and older in Alvarado have a bachelor's degree or higher (Minnesota: 39.4%), and 6.2% have a graduate or professional degree.
Jobs and commute in Alvarado
- Unemployment rate
- 7.1%State: 4.1%
- Average commute
- 24 minState: 23 min
- Work from home
- 2%
- Drive alone
- 88.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 92.6%
Alvarado vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Alvarado | 317 | $66,964 | $133,300 | $1,075 |
| Oslo | 260 | $63,750 | $79,600 | $950 |
| Warren | 1,680 | $59,875 | $148,400 | $717 |
| Manvel | 368 | $91,719 | $203,700 | $1,330 |
| Argyle | 486 | $105,625 | $191,800 | $431 |
| East Grand Forks | 9,028 | $77,549 | $255,600 | $888 |
| Minto | 718 | $84,464 | $109,300 | $597 |
| Stephen | 526 | $71,250 | $87,500 | $1,063 |
| Grand Forks | 59,042 | $63,627 | $249,900 | $980 |
More for people moving to Alvarado
Alvarado ZIP code ›Weather and climate ›Living in Alvarado: FAQ
What is the median household income in Alvarado, MN?
The median household income in Alvarado is $66,964, 25% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Alvarado?
The median home value in Alvarado is $133,300, compared with $329,300 in Minnesota.
How much is rent in Alvarado?
The median gross rent in Alvarado is $1,075 per month, about 30.6% of household income.
Is Alvarado, MN a good place to live?
Pluses: home values 60% lower than the state median. Minuses: median household income 25% lower than the Minnesota median; an average commute of 24 minutes; unemployment of 7.1%; a poverty rate of 12.3%.
What is the median age in Alvarado?
The median age in Alvarado is 31.7 years (Minnesota: 38.8).
How long is the commute in Alvarado?
The average commute to work in Alvarado is 24 minutes; 2% of workers work from home.
What is the unemployment rate in Alvarado?
The unemployment rate in Alvarado is 7.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Alvarado?
21% of adults in Alvarado have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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