This was 20.6 percent lower than the state average of 48.4 percent. In 2020 the total municipality population reached 638.
93.3 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Lake Benton for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 31 | 6.7 |
| Regular high school diploma | 175 | 38 |
| GED or alternative credential | 17 | 3.7 |
| Some college, less than 1 year | 38 | 8.3 |
| Some college, 1 or more years, no degree | 71 | 15.4 |
| Associate's degree | 55 | 12 |
| Bachelor's degree | 45 | 9.8 |
| Master's degree | 21 | 4.6 |
| Professional school degree | 2 | 0.4 |
| Doctorate degree | 5 | 1.1 |

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