This was 9.3 percent higher than the state average of 28.9 percent. In 2020 the total municipality population reached 3,467.
96 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Shady Spring for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 98 | 4 |
| Regular high school diploma | 828 | 33.6 |
| GED or alternative credential | 166 | 6.7 |
| Some college, less than 1 year | 172 | 7 |
| Some college, 1 or more years, no degree | 257 | 10.4 |
| Associate's degree | 370 | 15 |
| Bachelor's degree | 320 | 13 |
| Master's degree | 204 | 8.3 |
| Professional school degree | 25 | 1 |
| Doctorate degree | 23 | 0.9 |
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