This was 2 percent higher than the state average of 41 percent. In 2020 the total municipality population reached 1,377.
94.8 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Factoryville for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 32 | 5.2 |
| Regular high school diploma | 156 | 25.4 |
| GED or alternative credential | 11 | 1.8 |
| Some college, less than 1 year | 40 | 6.5 |
| Some college, 1 or more years, no degree | 111 | 18.1 |
| Associate's degree | 31 | 5 |
| Bachelor's degree | 163 | 26.5 |
| Master's degree | 54 | 8.8 |
| Professional school degree | 8 | 1.3 |
| Doctorate degree | 8 | 1.3 |
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