This was 9.9 percent lower than the state average of 40.5 percent. In 2020 the total municipality population reached 5,993.
80.2 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Lake Alfred for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 786 | 19.8 |
| Regular high school diploma | 1,081 | 27.2 |
| GED or alternative credential | 126 | 3.2 |
| Some college, less than 1 year | 193 | 4.9 |
| Some college, 1 or more years, no degree | 571 | 14.4 |
| Associate's degree | 558 | 14.1 |
| Bachelor's degree | 348 | 8.8 |
| Master's degree | 253 | 6.4 |
| Professional school degree | 17 | 0.4 |
| Doctorate degree | 38 | 1 |

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