This was 16.6 percent higher than the state average of 39.6 percent. In 2020 the total municipality population reached 5,701.
95.3 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Petoskey for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 190 | 4.7 |
| Regular high school diploma | 599 | 14.9 |
| GED or alternative credential | 137 | 3.4 |
| Some college, less than 1 year | 255 | 6.3 |
| Some college, 1 or more years, no degree | 580 | 14.4 |
| Associate's degree | 437 | 10.9 |
| Bachelor's degree | 888 | 22.1 |
| Master's degree | 665 | 16.5 |
| Professional school degree | 220 | 5.5 |
| Doctorate degree | 48 | 1.2 |
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