This was 12.4 percent lower than the state average of 38.1 percent. In 2020 the total municipality population reached 1,200.
91.6 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Frankston for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 73 | 8.4 |
| Regular high school diploma | 334 | 38.4 |
| GED or alternative credential | 24 | 2.8 |
| Some college, less than 1 year | 48 | 5.5 |
| Some college, 1 or more years, no degree | 167 | 19.2 |
| Associate's degree | 47 | 5.4 |
| Bachelor's degree | 111 | 12.8 |
| Master's degree | 66 | 7.6 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 0 | 0 |
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