This was 5.8 percent higher than the state average of 46.3 percent. In 2020 the total municipality population reached 997.
95.6 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Philmont for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 34 | 4.4 |
| Regular high school diploma | 167 | 21.7 |
| GED or alternative credential | 23 | 3 |
| Some college, less than 1 year | 53 | 6.9 |
| Some college, 1 or more years, no degree | 91 | 11.8 |
| Associate's degree | 129 | 16.8 |
| Bachelor's degree | 193 | 25.1 |
| Master's degree | 64 | 8.3 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 14 | 1.8 |
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