This was 13.7 percent higher than the state average of 41.8 percent. In 2020 the total municipality population reached 4,373.
98 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Okauchee Lake for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 68 | 2 |
| Regular high school diploma | 656 | 19.5 |
| GED or alternative credential | 63 | 1.9 |
| Some college, less than 1 year | 276 | 8.2 |
| Some college, 1 or more years, no degree | 435 | 12.9 |
| Associate's degree | 230 | 6.8 |
| Bachelor's degree | 1,120 | 33.3 |
| Master's degree | 382 | 11.3 |
| Professional school degree | 107 | 3.2 |
| Doctorate degree | 30 | 0.9 |
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