This was 5.8 percent higher than the state average of 36 percent. In 2020 the total municipality population reached 1,376.
97.8 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Lake Holiday for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 22 | 2.2 |
| Regular high school diploma | 376 | 37.1 |
| GED or alternative credential | 18 | 1.8 |
| Some college, less than 1 year | 50 | 4.9 |
| Some college, 1 or more years, no degree | 124 | 12.2 |
| Associate's degree | 94 | 9.3 |
| Bachelor's degree | 250 | 24.7 |
| Master's degree | 46 | 4.5 |
| Professional school degree | 10 | 1 |
| Doctorate degree | 23 | 2.3 |

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