This was 13.9 percent lower than the state average of 46.3 percent. In 2020 the total municipality population reached 1,539.
87.8 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Deposit for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 121 | 12.2 |
| Regular high school diploma | 343 | 34.5 |
| GED or alternative credential | 56 | 5.6 |
| Some college, less than 1 year | 42 | 4.2 |
| Some college, 1 or more years, no degree | 111 | 11.2 |
| Associate's degree | 206 | 20.7 |
| Bachelor's degree | 72 | 7.2 |
| Master's degree | 35 | 3.5 |
| Professional school degree | 9 | 0.9 |
| Doctorate degree | 0 | 0 |
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