This was 18.9 percent lower than the state average of 38.1 percent. In 2020 the total municipality population reached 710.
84.6 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Payne Springs for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 84 | 15.4 |
| Regular high school diploma | 208 | 38.1 |
| GED or alternative credential | 27 | 4.9 |
| Some college, less than 1 year | 35 | 6.4 |
| Some college, 1 or more years, no degree | 87 | 15.9 |
| Associate's degree | 36 | 6.6 |
| Bachelor's degree | 59 | 10.8 |
| Master's degree | 10 | 1.8 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 0 | 0 |
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