This was 51.3 percent higher than the state average of 37.7 percent. In 2020 the total municipality population reached 2,254.
98.2 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Terrace Park for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 25 | 1.8 |
| Regular high school diploma | 45 | 3.3 |
| GED or alternative credential | 0 | 0 |
| Some college, less than 1 year | 22 | 1.6 |
| Some college, 1 or more years, no degree | 57 | 4.2 |
| Associate's degree | 83 | 6.1 |
| Bachelor's degree | 632 | 46.5 |
| Master's degree | 339 | 24.9 |
| Professional school degree | 122 | 9 |
| Doctorate degree | 35 | 2.6 |
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