Sumter County, Florida is a leading example of sound and verified fiscal responsibility at the local level. Fitch Ratings for 2020 affirmed Sumter County’s Capital Improvement Revenue Bonds with an AA+ rating. Sumter County’s Issuer Default Rating (IDR) is also at AA+.
Fitch also reported that less than 400 local tax-supported jurisdictions in the United States qualify for an AA+ rating. This rating reflects the county’s continued growth and diversification and maintenance of robust financial operations.
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.
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Sumter County’s Per Capita Income
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Sumter County’s Average Wage Level
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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.