This was 9.3 percent higher than the state average of 40.5 percent. In 2020 the total municipality population reached 10,842.
95.3 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Asbury Lake for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 325 | 4.7 |
| Regular high school diploma | 1,333 | 19.3 |
| GED or alternative credential | 303 | 4.4 |
| Some college, less than 1 year | 640 | 9.3 |
| Some college, 1 or more years, no degree | 856 | 12.4 |
| Associate's degree | 1,310 | 19 |
| Bachelor's degree | 1,774 | 25.7 |
| Master's degree | 271 | 3.9 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 80 | 1.2 |
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