This was 12.9 percent lower than the state average of 48.4 percent. In 2020 the total municipality population reached 1,117.
94 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Wanamingo for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 48 | 6 |
| Regular high school diploma | 217 | 27.1 |
| GED or alternative credential | 33 | 4.1 |
| Some college, less than 1 year | 56 | 7 |
| Some college, 1 or more years, no degree | 163 | 20.3 |
| Associate's degree | 116 | 14.5 |
| Bachelor's degree | 107 | 13.4 |
| Master's degree | 48 | 6 |
| Professional school degree | 7 | 0.9 |
| Doctorate degree | 6 | 0.7 |
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