This was 6 percent lower than the state average of 41.8 percent. In 2020 the total municipality population reached 1,405.
91.5 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Shell Lake for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 79 | 8.5 |
| Regular high school diploma | 220 | 23.7 |
| GED or alternative credential | 33 | 3.6 |
| Some college, less than 1 year | 141 | 15.2 |
| Some college, 1 or more years, no degree | 123 | 13.2 |
| Associate's degree | 119 | 12.8 |
| Bachelor's degree | 154 | 16.6 |
| Master's degree | 47 | 5.1 |
| Professional school degree | 6 | 0.6 |
| Doctorate degree | 7 | 0.8 |
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