This was 14.1 percent lower than the state average of 40.2 percent. In 2020 the total municipality population reached 4,191.
82.2 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 | 430 | 17.8 |
| Regular high school diploma | 576 | 23.8 |
| GED or alternative credential | 133 | 5.5 |
| Some college, less than 1 year | 293 | 12.1 |
| Some college, 1 or more years, no degree | 354 | 14.7 |
| Associate's degree | 161 | 6.7 |
| Bachelor's degree | 223 | 9.2 |
| Master's degree | 136 | 5.6 |
| Professional school degree | 46 | 1.9 |
| Doctorate degree | 64 | 2.6 |
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