This was 19.7 percent lower than the state average of 43.7 percent. In 2020 the total municipality population reached 1,514.
94.7 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Oakwood for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 51 | 5.3 |
| Regular high school diploma | 376 | 38.8 |
| GED or alternative credential | 55 | 5.7 |
| Some college, less than 1 year | 139 | 14.4 |
| Some college, 1 or more years, no degree | 115 | 11.9 |
| Associate's degree | 118 | 12.2 |
| Bachelor's degree | 68 | 7 |
| Master's degree | 43 | 4.4 |
| Professional school degree | 3 | 0.3 |
| Doctorate degree | 0 | 0 |
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