This was 17.9 percent lower than the state average of 36 percent. In 2020 the total municipality population reached 1,353.
87.4 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Cannelton for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 119 | 12.6 |
| Regular high school diploma | 326 | 34.6 |
| GED or alternative credential | 119 | 12.6 |
| Some college, less than 1 year | 69 | 7.3 |
| Some college, 1 or more years, no degree | 139 | 14.7 |
| Associate's degree | 77 | 8.2 |
| Bachelor's degree | 72 | 7.6 |
| Master's degree | 18 | 1.9 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 4 | 0.4 |
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