This was 10.9 percent lower than the state average of 40.2 percent. In 2020 the total municipality population reached 4,802.
80.8 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Palmetto for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 585 | 19.2 |
| Regular high school diploma | 794 | 26 |
| GED or alternative credential | 139 | 4.6 |
| Some college, less than 1 year | 182 | 6 |
| Some college, 1 or more years, no degree | 459 | 15 |
| Associate's degree | 264 | 8.6 |
| Bachelor's degree | 249 | 8.2 |
| Master's degree | 290 | 9.5 |
| Professional school degree | 91 | 3 |
| Doctorate degree | 0 | 0 |
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