This was 12.4 percent higher than the state average of 43.7 percent. In 2020 the total municipality population reached 8,601.
97 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Lake Villa for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 156 | 3 |
| Regular high school diploma | 1,006 | 19.2 |
| GED or alternative credential | 133 | 2.5 |
| Some college, less than 1 year | 397 | 7.6 |
| Some college, 1 or more years, no degree | 614 | 11.7 |
| Associate's degree | 478 | 9.1 |
| Bachelor's degree | 1,358 | 25.9 |
| Master's degree | 900 | 17.1 |
| Professional school degree | 104 | 2 |
| Doctorate degree | 104 | 2 |
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