This was 20.9 percent lower than the state average of 41 percent. In 2020 the total municipality population reached 512.
69.9 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Wakefield for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 81 | 30.1 |
| Regular high school diploma | 79 | 29.4 |
| GED or alternative credential | 8 | 3 |
| Some college, less than 1 year | 33 | 12.3 |
| Some college, 1 or more years, no degree | 14 | 5.2 |
| Associate's degree | 16 | 5.9 |
| Bachelor's degree | 21 | 7.8 |
| Master's degree | 5 | 1.9 |
| Professional school degree | 9 | 3.3 |
| Doctorate degree | 3 | 1.1 |
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