Economic Data

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.

Median HH Income Year
$39,720 2009
$43,079 2010
$48,493 2013
$49,874 2015
$50,350 2016
$52,594 2017

Sumter County’s Per Capita Income

Per Capita Income Year
$29,833 2010
$33,522 2011
$36,090 2012
$36,970 2013
$38,116 2014
$39,795 2015
$39,534 2016

Sumter County’s Average Wage Level

Average Wage Level Year
$35,371 2015
$34,706 2016
$36,247 2017
$38,099 2018

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.