This was 7 percent lower than the state average of 43.7 percent. In 2020 the total municipality population reached 2,492.
93.8 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Elmwood for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 96 | 6.2 |
| Regular high school diploma | 491 | 31.6 |
| GED or alternative credential | 35 | 2.3 |
| Some college, less than 1 year | 91 | 5.9 |
| Some college, 1 or more years, no degree | 271 | 17.4 |
| Associate's degree | 114 | 7.3 |
| Bachelor's degree | 321 | 20.7 |
| Master's degree | 106 | 6.8 |
| Professional school degree | 21 | 1.4 |
| Doctorate degree | 8 | 0.5 |
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