This was 7.6 percent higher than the state average of 43.7 percent. In 2020 the total municipality population reached 5,498.
93.8 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Volo for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 214 | 6.2 |
| Regular high school diploma | 542 | 15.8 |
| GED or alternative credential | 41 | 1.2 |
| Some college, less than 1 year | 255 | 7.4 |
| Some college, 1 or more years, no degree | 625 | 18.2 |
| Associate's degree | 210 | 6.1 |
| Bachelor's degree | 1,193 | 34.7 |
| Master's degree | 329 | 9.6 |
| Professional school degree | 16 | 0.5 |
| Doctorate degree | 16 | 0.5 |
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