This was 6.7 percent lower than the state average of 41 percent. In 2020 the total municipality population reached 658.
92.3 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Nicholson for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 36 | 7.7 |
| Regular high school diploma | 163 | 35 |
| GED or alternative credential | 21 | 4.5 |
| Some college, less than 1 year | 26 | 5.6 |
| Some college, 1 or more years, no degree | 60 | 12.9 |
| Associate's degree | 68 | 14.6 |
| Bachelor's degree | 75 | 16.1 |
| Master's degree | 17 | 3.6 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 0 | 0 |
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