This was 15.1 percent lower than the state average of 41.1 percent. In 2020 the total municipality population reached 860.
94.7 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 | 32 | 5.3 |
| Regular high school diploma | 232 | 38.4 |
| GED or alternative credential | 15 | 2.5 |
| Some college, less than 1 year | 82 | 13.6 |
| Some college, 1 or more years, no degree | 86 | 14.2 |
| Associate's degree | 31 | 5.1 |
| Bachelor's degree | 102 | 16.9 |
| Master's degree | 24 | 4 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 0 | 0 |
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