This was 13.5 percent higher than the state average of 39.6 percent. In 2020 the total municipality population reached 310.
98.4 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Walloon Lake for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 4 | 1.6 |
| Regular high school diploma | 51 | 20.8 |
| GED or alternative credential | 3 | 1.2 |
| Some college, less than 1 year | 17 | 6.9 |
| Some college, 1 or more years, no degree | 40 | 16.3 |
| Associate's degree | 18 | 7.3 |
| Bachelor's degree | 62 | 25.3 |
| Master's degree | 38 | 15.5 |
| Professional school degree | 3 | 1.2 |
| Doctorate degree | 9 | 3.7 |
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