This was 13.1 percent lower than the state average of 39.6 percent. In 2020 the total municipality population reached 343.
94.5 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Boyne Falls for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 13 | 5.5 |
| Regular high school diploma | 99 | 41.6 |
| GED or alternative credential | 5 | 2.1 |
| Some college, less than 1 year | 16 | 6.7 |
| Some college, 1 or more years, no degree | 42 | 17.6 |
| Associate's degree | 23 | 9.7 |
| Bachelor's degree | 32 | 13.4 |
| Master's degree | 8 | 3.4 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 0 | 0 |

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