This was 21.9 percent lower than the state average of 37.7 percent. In 2020 the total municipality population reached 1,086.
91 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in New Madison for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 68 | 9 |
| Regular high school diploma | 343 | 45.4 |
| GED or alternative credential | 64 | 8.5 |
| Some college, less than 1 year | 48 | 6.4 |
| Some college, 1 or more years, no degree | 113 | 15 |
| Associate's degree | 27 | 3.6 |
| Bachelor's degree | 60 | 7.9 |
| Master's degree | 29 | 3.8 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 3 | 0.4 |
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