This was 19.7 percent higher than the state average of 38 percent. In 2020 the total municipality population reached 889.
99 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Lake Waukomis for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 8 | 1 |
| Regular high school diploma | 124 | 16.2 |
| GED or alternative credential | 15 | 2 |
| Some college, less than 1 year | 69 | 9 |
| Some college, 1 or more years, no degree | 108 | 14.1 |
| Associate's degree | 55 | 7.2 |
| Bachelor's degree | 257 | 33.6 |
| Master's degree | 82 | 10.7 |
| Professional school degree | 32 | 4.2 |
| Doctorate degree | 16 | 2.1 |
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