Economic Data

Fitch Rating Service affirms in a Jan 2019 Sumter County report: “Fitch upgraded Sumter’s industrial revenue and general revenue bonds to AA+ from AA-. The general obligation (GO) rating Outlook to Positive from Stable reflects the area economy’s continued growth and diversification and maintenance of robust financial operations.” Sumter maintains a Dunn & Bradstreet A and A+ rated county economy and bond rating.

Sumter County’s Median HH Income

Sumter County Median Household Income equaled $52,594 in 2017, boasting a 18.1% gain since 2010, and again ranking Sumter County first among Florida counties, this time in the category of Growth of Median Household Income.

Median HH IncomeYear

Sumter County’s Per Capita Income

Per Capita IncomeYear

Sumter County’s Average Wage Level

Average Wage LevelYear

Payroll Growth

According to the latest federal Bureau of Labor Statistics data, all annual payroll in Sumter grew by 28.4 percent to about $1.03 billion over a five-year period that ended in 2016. Sumter’s annual payroll probably grew year over year in 2017 by at least 6 percent, if the federal bureau’s estimates for the first three quarters remain constant through the fourth quarter, which has not been released yet.