This was 11.1 percent higher than the state average of 41.8 percent. In 2020 the total municipality population reached 16,931.
96.4 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Oconomowoc for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 407 | 3.6 |
| Regular high school diploma | 2,152 | 19 |
| GED or alternative credential | 287 | 2.5 |
| Some college, less than 1 year | 699 | 6.2 |
| Some college, 1 or more years, no degree | 1,791 | 15.8 |
| Associate's degree | 975 | 8.6 |
| Bachelor's degree | 3,606 | 31.8 |
| Master's degree | 1,156 | 10.2 |
| Professional school degree | 224 | 2 |
| Doctorate degree | 36 | 0.3 |
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