This was 1.6 percent higher than the state average of 40.9 percent. In 2020 the total municipality population reached 669.
92.9 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Timber Lake for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 28 | 7.1 |
| Regular high school diploma | 126 | 32.1 |
| GED or alternative credential | 11 | 2.8 |
| Some college, less than 1 year | 13 | 3.3 |
| Some college, 1 or more years, no degree | 48 | 12.2 |
| Associate's degree | 57 | 14.5 |
| Bachelor's degree | 68 | 17.3 |
| Master's degree | 36 | 9.2 |
| Professional school degree | 6 | 1.5 |
| Doctorate degree | 0 | 0 |

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