This was 8.1 percent lower than the state average of 42.7 percent. In 2020 the total municipality population reached 4,820.
90.3 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Phoenix Lake CDP for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 327 | 9.7 |
| Regular high school diploma | 662 | 19.6 |
| GED or alternative credential | 27 | 0.8 |
| Some college, less than 1 year | 324 | 9.6 |
| Some college, 1 or more years, no degree | 863 | 25.6 |
| Associate's degree | 413 | 12.3 |
| Bachelor's degree | 409 | 12.1 |
| Master's degree | 246 | 7.3 |
| Professional school degree | 99 | 2.9 |
| Doctorate degree | 0 | 0 |
Alerts Sign-up