This was 35.2 percent higher than the state average of 42.7 percent. In 2020 the total municipality population reached 1,697.
98.8 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Lake Sherwood CDP for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 15 | 1.2 |
| Regular high school diploma | 71 | 5.5 |
| GED or alternative credential | 0 | 0 |
| Some college, less than 1 year | 86 | 6.6 |
| Some college, 1 or more years, no degree | 116 | 8.9 |
| Associate's degree | 43 | 3.3 |
| Bachelor's degree | 458 | 35.2 |
| Master's degree | 312 | 24 |
| Professional school degree | 161 | 12.4 |
| Doctorate degree | 39 | 3 |
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