This was 21.6 percent higher than the state average of 39.6 percent. In 2020 the total municipality population reached 810.
95.8 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Lake Victoria for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 27 | 4.2 |
| Regular high school diploma | 80 | 12.4 |
| GED or alternative credential | 0 | 0 |
| Some college, less than 1 year | 79 | 12.2 |
| Some college, 1 or more years, no degree | 65 | 10 |
| Associate's degree | 34 | 5.3 |
| Bachelor's degree | 245 | 37.9 |
| Master's degree | 55 | 8.5 |
| Professional school degree | 56 | 8.7 |
| Doctorate degree | 6 | 0.9 |
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