This was 14 percent lower than the state average of 44.8 percent. In 2020 the total municipality population reached 379.
90.4 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Drake for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 23 | 9.6 |
| Regular high school diploma | 88 | 36.7 |
| GED or alternative credential | 5 | 2.1 |
| Some college, less than 1 year | 17 | 7.1 |
| Some college, 1 or more years, no degree | 33 | 13.8 |
| Associate's degree | 40 | 16.7 |
| Bachelor's degree | 18 | 7.5 |
| Master's degree | 7 | 2.9 |
| Professional school degree | 8 | 3.3 |
| Doctorate degree | 1 | 0.4 |

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