This was 18.3 percent lower than the state average of 43.7 percent. In 2020 the total municipality population reached 628.
94 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Sherrard for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 27 | 6 |
| Regular high school diploma | 134 | 29.6 |
| GED or alternative credential | 17 | 3.8 |
| Some college, less than 1 year | 68 | 15 |
| Some college, 1 or more years, no degree | 91 | 20.1 |
| Associate's degree | 49 | 10.8 |
| Bachelor's degree | 48 | 10.6 |
| Master's degree | 18 | 4 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 0 | 0 |
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