Goodwater is a town in Coosa County, Alabama, United States.

As of the 2020 United States census, there were 1,291 people, 484 households, and 230 families residing in the town.

At the 2010 census there were 1,475 people, 618 households, and 394 families living in the city.

There were 708 housing units at an average density of 108.4 per square mile (41.9/km2).

At the 2000 census there were 1,633 people, 621 households, and 424 families living in the city.

There were 727 housing units at an average density of 111.1 per square mile (42.9/km2).