This was 5.3 percent lower than the state average of 42.7 percent. In 2020 the total municipality population reached 405.
96.3 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Thayer for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 10 | 3.7 |
| Regular high school diploma | 73 | 26.7 |
| GED or alternative credential | 10 | 3.7 |
| Some college, less than 1 year | 25 | 9.2 |
| Some college, 1 or more years, no degree | 53 | 19.4 |
| Associate's degree | 22 | 8.1 |
| Bachelor's degree | 60 | 22 |
| Master's degree | 20 | 7.3 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 0 | 0 |
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