This was 20.2 percent lower than the state average of 39.2 percent. In 2020 the total municipality population reached 4,707.
89.1 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Lake Montezuma CDP for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 454 | 10.9 |
| Regular high school diploma | 1,026 | 24.7 |
| GED or alternative credential | 226 | 5.4 |
| Some college, less than 1 year | 346 | 8.3 |
| Some college, 1 or more years, no degree | 1,310 | 31.6 |
| Associate's degree | 223 | 5.4 |
| Bachelor's degree | 314 | 7.6 |
| Master's degree | 237 | 5.7 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 16 | 0.4 |
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