This was 18.2 percent lower than the state average of 48.4 percent. In 2020 the total municipality population reached 2,022.
85.3 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Mountain Lake for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 183 | 14.7 |
| Regular high school diploma | 409 | 32.8 |
| GED or alternative credential | 30 | 2.4 |
| Some college, less than 1 year | 111 | 8.9 |
| Some college, 1 or more years, no degree | 138 | 11.1 |
| Associate's degree | 199 | 15.9 |
| Bachelor's degree | 152 | 12.2 |
| Master's degree | 20 | 1.6 |
| Professional school degree | 6 | 0.5 |
| Doctorate degree | 0 | 0 |

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