Alvarado is a very small city located in the state of Texas. With a population of 5,910 people and five associated neighborhoods, Alvarado is the 396th largest community in Texas. Alvarado has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Alvarado, where the median household income is $86,083.00.

Being a small city, Alvarado does not have a public transit system used by locals to get to and from work.

The percentage of adults in Alvarado with college degrees is slightly lower than the national average of 21.84% for all communities. 15.34% of adults in Alvarado have a bachelor's degree or advanced degree.

The per capita income in Alvarado in 2022 was $28,670, which is middle income relative to Texas, and lower middle income relative to the rest of the US. This equates to an annual income of $114,680 for a family of four. However, Alvarado contains both very wealthy and poor people as well.

Alvarado is an extremely ethnically-diverse city. The people who call Alvarado home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Alvarado residents report their race to be White, followed by Black or African-American. Alvarado also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 34.01% of the city’s residents. Important ancestries of people in Alvarado include German, Irish, English, European, and Italian.

The most common language spoken in Alvarado is English. Other important languages spoken here include Spanish and Italian.