This was 14.7 percent lower than the state average of 46.8 percent. In 2020 the total municipality population reached 532.
90.3 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Toledo for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 38 | 9.7 |
| Regular high school diploma | 130 | 33.3 |
| GED or alternative credential | 12 | 3.1 |
| Some college, less than 1 year | 24 | 6.2 |
| Some college, 1 or more years, no degree | 61 | 15.6 |
| Associate's degree | 44 | 11.3 |
| Bachelor's degree | 52 | 13.3 |
| Master's degree | 15 | 3.8 |
| Professional school degree | 14 | 3.6 |
| Doctorate degree | 0 | 0 |
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