| Index | Waterman | Illinois | National |
| Average Test Scores | 35% | 33% | 48% |
| Student/Teacher ratio | 17:1 | 18:1 | 16:1 |
| Total public schools | 2 | 3,938 | 79,221 |
| Total private schools | n/a | 1,438 | 24,874 |
| Total post-secondary schools | n/a | 306 | 7,963 |
| Index | Waterman | Illinois | National |
| Completed 8th grade | 93.9% | 86.2% | 84.3% |
| Completed high school | 92.5% | 84.7% | 83.0% |
| Completed some college | 61.3% | 61.8% | 59.4% |
| Completed associate degree | 31.5% | 40.7% | 38.5% |
| Completed bachelors | 18.2% | 32.9% | 30.3% |
| Completed masters | 3.7% | 12.7% | 11.5% |
| Completed professional degree | 1.1% | 3.4% | 3.3% |
| Completed doctorate | 0.3% | 1.2% | 1.3% |
There are a total of 2 public schools, n/a private schools and n/a post-secondary schools in Waterman. Using the proficiency score averages, the average test scores for Waterman, IL schools is 35%. The average student to teacher ratio is 17:1. In Waterman, IL, an average of 93.9% of students have completed 8th grade and an average of 92.5% have completed high school.
| City | Population | Avg. Test Scores | National Avg. |
| Big Rock, IL | 1,271 | 55% | 13.5% |
| Millbrook, IL | 357 | 52% | 8.3% |
| Maple Park, IL | 1,599 | 50% | 4.7% |
| Hinckley, IL | 2,190 | 46% | 4.2% |
| Sandwich, IL | 7,351 | 46% | 5.2% |
| Waterman, IL | 1,738 | 35% | 28.1% |
| City | Population | Avg. Test Scores | National Avg. |
| Haubstadt, IN | 1,738 | 61% | 27.1% |
| Lac du Flambeau, WI | 1,737 | 18% | 63.5% |
| Sparta, GA | 1,737 | 15% | 69.4% |
| Morris, OK | 1,739 | 35% | 27.1% |
| Richmond, ME | 1,740 | 36% | 24.3% |
| Waterman, IL | 1,738 | 35% | 28.1% |
Here are the best places to live in Illinois
Top 10 cities in Illinois with the best education system
10 Best cities in Illinois for employment
These are the 10 most affordable cities in Illinois