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.
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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.