This was 9.6 percent lower than the state average of 39.6 percent. In 2020 the total municipality population reached 2,019.
82.1 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Indian River for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 307 | 17.9 |
| Regular high school diploma | 407 | 23.8 |
| GED or alternative credential | 64 | 3.7 |
| Some college, less than 1 year | 142 | 8.3 |
| Some college, 1 or more years, no degree | 278 | 16.2 |
| Associate's degree | 51 | 3 |
| Bachelor's degree | 282 | 16.5 |
| Master's degree | 146 | 8.5 |
| Professional school degree | 27 | 1.6 |
| Doctorate degree | 8 | 0.5 |
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