This was 6.2 percent higher than the state average of 41.8 percent. In 2020 the total municipality population reached 342.
97.6 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Lake Sherwood for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 8 | 2.4 |
| Regular high school diploma | 104 | 31.2 |
| GED or alternative credential | 0 | 0 |
| Some college, less than 1 year | 28 | 8.4 |
| Some college, 1 or more years, no degree | 33 | 9.9 |
| Associate's degree | 8 | 2.4 |
| Bachelor's degree | 121 | 36.3 |
| Master's degree | 21 | 6.3 |
| Professional school degree | 10 | 3 |
| Doctorate degree | 0 | 0 |
Alerts Sign-up