This was 16.4 percent higher than the state average of 39.6 percent. In 2020 the total municipality population reached 1,531.
95.4 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Elk Rapids for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 58 | 4.6 |
| Regular high school diploma | 232 | 18.6 |
| GED or alternative credential | 14 | 1.1 |
| Some college, less than 1 year | 58 | 4.6 |
| Some college, 1 or more years, no degree | 188 | 15.1 |
| Associate's degree | 171 | 13.7 |
| Bachelor's degree | 308 | 24.7 |
| Master's degree | 172 | 13.8 |
| Professional school degree | 24 | 1.9 |
| Doctorate degree | 24 | 1.9 |
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