This was 9.1 percent lower than the state average of 33.9 percent. In 2020 the total municipality population reached 8,540.
95.5 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Fallon for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 255 | 4.5 |
| Regular high school diploma | 1,620 | 28.5 |
| GED or alternative credential | 235 | 4.1 |
| Some college, less than 1 year | 928 | 16.3 |
| Some college, 1 or more years, no degree | 1,240 | 21.8 |
| Associate's degree | 506 | 8.9 |
| Bachelor's degree | 659 | 11.6 |
| Master's degree | 154 | 2.7 |
| Professional school degree | 81 | 1.4 |
| Doctorate degree | 14 | 0.2 |
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