This was 2.4 percent lower than the state average of 43.7 percent. In 2020 the total municipality population reached 1,958.
100 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Lake Summerset for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 0 | 0 |
| Regular high school diploma | 349 | 24.1 |
| GED or alternative credential | 66 | 4.5 |
| Some college, less than 1 year | 169 | 11.6 |
| Some college, 1 or more years, no degree | 268 | 18.5 |
| Associate's degree | 148 | 10.2 |
| Bachelor's degree | 316 | 21.8 |
| Master's degree | 120 | 8.3 |
| Professional school degree | 15 | 1 |
| Doctorate degree | 0 | 0 |
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