This was 12.4 percent lower than the state average of 48.4 percent. In 2020 the total municipality population reached 575.
93.1 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Minnesota Lake for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 28 | 6.9 |
| Regular high school diploma | 126 | 31.3 |
| GED or alternative credential | 6 | 1.5 |
| Some college, less than 1 year | 29 | 7.2 |
| Some college, 1 or more years, no degree | 69 | 17.1 |
| Associate's degree | 73 | 18.1 |
| Bachelor's degree | 58 | 14.4 |
| Master's degree | 11 | 2.7 |
| Professional school degree | 3 | 0.7 |
| Doctorate degree | 0 | 0 |
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