This was 0.2 percent higher than the state average of 42.7 percent. In 2020 the total municipality population reached 104.
79.1 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Elk Falls for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 19 | 20.9 |
| Regular high school diploma | 11 | 12.1 |
| GED or alternative credential | 1 | 1.1 |
| Some college, less than 1 year | 13 | 14.3 |
| Some college, 1 or more years, no degree | 8 | 8.8 |
| Associate's degree | 5 | 5.5 |
| Bachelor's degree | 19 | 20.9 |
| Master's degree | 15 | 16.5 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 0 | 0 |
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