Graceville is a very small city located in the state of Florida. With a population of 2,175 people and two associated neighborhoods, Graceville is the 375th largest community in Florida.

A relatively large number of people in Graceville telecommute to their jobs. Overall, about 9.61% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Because there are quite a few people attending college in Graceville, it is thought of as a college town. To the benefit of the many students in the area, Graceville provides a number of services, amenities and opportunities geared towards their needs and activities.

The percentage of adults in Graceville who are college-educated is close to the national average for all communities of 21.84%: 19.01% of the adults in Graceville have a bachelor's degree or advanced degree.

The per capita income in Graceville in 2022 was $26,964, which is lower middle income relative to Florida and the nation. This equates to an annual income of $107,856 for a family of four. However, Graceville contains both very wealthy and poor people as well.

Graceville is an extremely ethnically-diverse city. The people who call Graceville home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Graceville residents report their race to be White, followed by Black or African-American. Important ancestries of people in Graceville include English, German, Italian, Irish, and French.

The most common language spoken in Graceville is English. Other important languages spoken here include Spanish and Polish.