This was 22.8 percent lower than the state average of 36 percent. In 2020 the total municipality population reached 458.
79.4 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in New Richmond for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 59 | 20.6 |
| Regular high school diploma | 125 | 43.6 |
| GED or alternative credential | 14 | 4.9 |
| Some college, less than 1 year | 18 | 6.3 |
| Some college, 1 or more years, no degree | 33 | 11.5 |
| Associate's degree | 19 | 6.6 |
| Bachelor's degree | 13 | 4.5 |
| Master's degree | 4 | 1.4 |
| Professional school degree | 1 | 0.3 |
| Doctorate degree | 1 | 0.3 |
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