This was 8.3 percent lower than the state average of 39.6 percent. In 2020 the total municipality population reached 391.
91.6 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in New Troy for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 23 | 8.4 |
| Regular high school diploma | 75 | 27.3 |
| GED or alternative credential | 31 | 11.3 |
| Some college, less than 1 year | 33 | 12 |
| Some college, 1 or more years, no degree | 27 | 9.8 |
| Associate's degree | 25 | 9.1 |
| Bachelor's degree | 44 | 16 |
| Master's degree | 17 | 6.2 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 0 | 0 |
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