This was 25.9 percent lower than the state average of 39.6 percent. In 2020 the total municipality population reached 760.
85.5 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Onaway for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 75 | 14.5 |
| Regular high school diploma | 174 | 33.5 |
| GED or alternative credential | 42 | 8.1 |
| Some college, less than 1 year | 53 | 10.2 |
| Some college, 1 or more years, no degree | 104 | 20 |
| Associate's degree | 46 | 8.9 |
| Bachelor's degree | 19 | 3.7 |
| Master's degree | 4 | 0.8 |
| Professional school degree | 2 | 0.4 |
| Doctorate degree | 0 | 0 |
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