This was 33.4 percent lower than the state average of 48.4 percent. In 2020 the total municipality population reached 469.
86.2 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Hanley Falls for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 35 | 13.8 |
| Regular high school diploma | 106 | 41.9 |
| GED or alternative credential | 21 | 8.3 |
| Some college, less than 1 year | 27 | 10.7 |
| Some college, 1 or more years, no degree | 26 | 10.3 |
| Associate's degree | 16 | 6.3 |
| Bachelor's degree | 20 | 7.9 |
| Master's degree | 1 | 0.4 |
| Professional school degree | 1 | 0.4 |
| Doctorate degree | 0 | 0 |
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