This was 26.4 percent higher than the state average of 41.8 percent. In 2020 the total municipality population reached 2,993.
99.4 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Sherwood for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 13 | 0.6 |
| Regular high school diploma | 376 | 18 |
| GED or alternative credential | 16 | 0.8 |
| Some college, less than 1 year | 53 | 2.5 |
| Some college, 1 or more years, no degree | 208 | 9.9 |
| Associate's degree | 307 | 14.7 |
| Bachelor's degree | 817 | 39 |
| Master's degree | 225 | 10.8 |
| Professional school degree | 56 | 2.7 |
| Doctorate degree | 22 | 1.1 |
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