This was 9.7 percent lower than the state average of 48.4 percent. In 2020 the total municipality population reached 661.
95.1 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in The Lakes for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 27 | 4.9 |
| Regular high school diploma | 178 | 32.3 |
| GED or alternative credential | 10 | 1.8 |
| Some college, less than 1 year | 37 | 6.7 |
| Some college, 1 or more years, no degree | 86 | 15.6 |
| Associate's degree | 76 | 13.8 |
| Bachelor's degree | 91 | 16.5 |
| Master's degree | 31 | 5.6 |
| Professional school degree | 11 | 2 |
| Doctorate degree | 4 | 0.7 |
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