This was 21.7 percent lower than the state average of 38.5 percent. In 2020 the total municipality population reached 205.
89.8 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Onaway for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 14 | 10.2 |
| Regular high school diploma | 48 | 35 |
| GED or alternative credential | 12 | 8.8 |
| Some college, less than 1 year | 12 | 8.8 |
| Some college, 1 or more years, no degree | 28 | 20.4 |
| Associate's degree | 9 | 6.6 |
| Bachelor's degree | 10 | 7.3 |
| Master's degree | 4 | 2.9 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 0 | 0 |
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