This was 4.3 percent lower than the state average of 41 percent. In 2020 the total municipality population reached 62.
89.8 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Riceville for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 5 | 10.2 |
| Regular high school diploma | 15 | 30.6 |
| GED or alternative credential | 8 | 16.3 |
| Some college, less than 1 year | 3 | 6.1 |
| Some college, 1 or more years, no degree | 0 | 0 |
| Associate's degree | 10 | 20.4 |
| Bachelor's degree | 1 | 2 |
| Master's degree | 7 | 14.3 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 0 | 0 |
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