This was 1.2 percent lower than the state average of 37 percent. In 2020 the total municipality population reached 1,213.
59.6 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Fairacres for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 288 | 40.4 |
| Regular high school diploma | 0 | 0 |
| GED or alternative credential | 13 | 1.8 |
| Some college, less than 1 year | 12 | 1.7 |
| Some college, 1 or more years, no degree | 144 | 20.2 |
| Associate's degree | 76 | 10.7 |
| Bachelor's degree | 167 | 23.5 |
| Master's degree | 12 | 1.7 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 0 | 0 |
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