This was 20.1 percent lower than the state average of 39.6 percent. In 2020 the total municipality population reached 275.
92.5 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Lincoln for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 15 | 7.5 |
| Regular high school diploma | 96 | 48 |
| GED or alternative credential | 13 | 6.5 |
| Some college, less than 1 year | 10 | 5 |
| Some college, 1 or more years, no degree | 27 | 13.5 |
| Associate's degree | 13 | 6.5 |
| Bachelor's degree | 15 | 7.5 |
| Master's degree | 9 | 4.5 |
| Professional school degree | 2 | 1 |
| Doctorate degree | 0 | 0 |
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