Graceland West, a neighborhood in Chicago, Illinois, is characterized as a White Majority community with Moderate Diversity as of 2022. The white population constitutes 73% of the neighborhood, with Hispanic (12%) and Asian (9%) populations forming significant minorities. The median income of $95,995 in 2022 indicates an upper-middle-class community. Graceland West is known for its historic character, tree-lined streets, and proximity to Wrigley Field.

Over the past decade, Graceland West has experienced a subtle transition in its racial composition. In 2013, the neighborhood was categorized as Low Diversity, with the white population at 76%. By 2022, it had shifted to a White Majority with Moderate Diversity. This change is attributed to a decreasing white population (from 76% in 2013 to 73% in 2022), an increasing Asian population (from 1% in 2013 to 9% in 2022), and a fluctuating Hispanic population (ranging between 8-13% over the decade). The neighborhood shows signs of becoming a Transitional Community, particularly with the consistent growth in the Asian population and the "Two or More Races" category (from 1% in 2013 to 5% in 2022).

The demographic shifts correlate with economic trends. The median income shows an overall increase from $101,081 in 2013 to $95,995 in 2022, with a peak of $111,422 in 2015. The neighborhood has seen a general increase in population from 3,164 in 2013 to 3,737 in 2022. The rising Asian population coincides with periods of higher median income, potentially indicating the influx of high-skilled professionals. The slight decrease in median income from its peak, coupled with increased diversity, might suggest a broader range of socioeconomic backgrounds entering the neighborhood.