This was 14.9 percent higher than the state average of 33.9 percent. In 2020 the total municipality population reached 1,711.
96.2 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Smith Valley for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 57 | 3.8 |
| Regular high school diploma | 296 | 19.9 |
| GED or alternative credential | 14 | 0.9 |
| Some college, less than 1 year | 115 | 7.7 |
| Some college, 1 or more years, no degree | 278 | 18.7 |
| Associate's degree | 195 | 13.1 |
| Bachelor's degree | 456 | 30.7 |
| Master's degree | 73 | 4.9 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 0 | 0 |
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