This was 11.5 percent lower than the state average of 42.7 percent. In 2020 the total municipality population reached 128.
84.4 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Palco for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 15 | 15.6 |
| Regular high school diploma | 13 | 13.5 |
| GED or alternative credential | 7 | 7.3 |
| Some college, less than 1 year | 8 | 8.3 |
| Some college, 1 or more years, no degree | 23 | 24 |
| Associate's degree | 7 | 7.3 |
| Bachelor's degree | 17 | 17.7 |
| Master's degree | 4 | 4.2 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 2 | 2.1 |
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