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.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 9.61% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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.

Graceville is also a college town, where lots of students live while attending area colleges. Because of the high percentage of people living in Graceville enrolled in college, Graceville has a number of services, amenities and opportunities geared towards the needs and activities of students.

In terms of college education, Graceville is nearly on par with the US average for all cities of 21.84%: 19.01% of adults 25 and older 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.