This was 25.1 percent lower than the state average of 43.7 percent. In 2020 the total municipality population reached 869.
88 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Matherville for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 64 | 12 |
| Regular high school diploma | 198 | 37.1 |
| GED or alternative credential | 21 | 3.9 |
| Some college, less than 1 year | 45 | 8.4 |
| Some college, 1 or more years, no degree | 106 | 19.9 |
| Associate's degree | 54 | 10.1 |
| Bachelor's degree | 43 | 8.1 |
| Master's degree | 2 | 0.4 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 0 | 0 |
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