This was 2.7 percent higher than the state average of 46.8 percent. In 2020 the total municipality population reached 5,237.
95.8 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Chain Lake for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 155 | 4.2 |
| Regular high school diploma | 916 | 24.8 |
| GED or alternative credential | 69 | 1.9 |
| Some college, less than 1 year | 243 | 6.6 |
| Some college, 1 or more years, no degree | 479 | 13 |
| Associate's degree | 413 | 11.2 |
| Bachelor's degree | 892 | 24.2 |
| Master's degree | 326 | 8.8 |
| Professional school degree | 111 | 3 |
| Doctorate degree | 84 | 2.3 |
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