This was 12 percent higher than the state average of 41.8 percent. In 2020 the total municipality population reached 498.
93.8 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Three Lakes for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 23 | 6.2 |
| Regular high school diploma | 100 | 27 |
| GED or alternative credential | 5 | 1.4 |
| Some college, less than 1 year | 12 | 3.2 |
| Some college, 1 or more years, no degree | 31 | 8.4 |
| Associate's degree | 57 | 15.4 |
| Bachelor's degree | 113 | 30.5 |
| Master's degree | 24 | 6.5 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 5 | 1.4 |
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