This was 21.5 percent lower than the state average of 44.7 percent. In 2020 the total municipality population reached 684.
91 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Thatcher for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 41 | 9 |
| Regular high school diploma | 167 | 36.6 |
| GED or alternative credential | 10 | 2.2 |
| Some college, less than 1 year | 21 | 4.6 |
| Some college, 1 or more years, no degree | 111 | 24.3 |
| Associate's degree | 24 | 5.3 |
| Bachelor's degree | 59 | 12.9 |
| Master's degree | 18 | 3.9 |
| Professional school degree | 5 | 1.1 |
| Doctorate degree | 0 | 0 |
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