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Sumter County, Florida Economic Analysis


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Economic Analysis

People and the communities they live in depend on money. The people of Sumter County, Florida need food, shelter, clothing, and medical care. Business formation and job creation are essential to this community. Money sustains infrastructure such as roads and airports as well as human resources including fire rescue and police protection.

Energy Costs In Florida

    Residential
(cents per
kilowatthour)
Commercial
(cents per
kilowatthour)
Industrial
(cents per
kilowatthour)
Other
(cents per
kilowatthour)
Transportation
(cents per
kilowatthour)
Total
(cents per
kilowatthour)
1990              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.77 6.66 5.08 6.83 0.00 7.04
  Total Electric Industry 7.77 6.66 5.08 6.83 0.00 7.04
1991              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.91 6.77 5.19 6.85 0.00 7.16
  Total Electric Industry 7.91 6.77 5.19 6.85 0.00 7.16
1992              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.75 6.58 5.02 6.81 0.00 6.99
  Total Electric Industry 7.75 6.58 5.02 6.81 0.00 6.99
1993              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.99 6.69 5.26 6.96 0.00 7.20
  Total Electric Industry 7.99 6.69 5.26 6.96 0.00 7.20
1994              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.78 6.35 5.13 6.72 0.00 6.96
  Total Electric Industry 7.78 6.35 5.13 6.72 0.00 6.96
1995              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.82 6.39 5.16 6.69 0.00 7.01
  Total Electric Industry 7.82 6.39 5.16 6.69 0.00 7.01
1996              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.99 6.63 5.11 6.80 0.00 7.18
  Total Electric Industry 7.99 6.63 5.11 6.80 0.00 7.18
1997              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 8.08 6.62 5.04 6.80 0.00 7.19
  Total Electric Industry 8.08 6.62 5.04 6.80 0.00 7.19
1998              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.89 6.38 4.81 6.64 0.00 7.01
  Total Electric Industry 7.89 6.38 4.81 6.64 0.00 7.01
1999              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.73 6.22 4.77 6.61 0.00 6.85
  Total Electric Industry 7.73 6.22 4.77 6.61 0.00 6.85
2000              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.77 6.25 4.84 6.96 0.00 6.91
  Total Electric Industry 7.77 6.25 4.84 6.96 0.00 6.91
2001              
  Full-Service Providers 8.59 7.08 5.18 7.60 0.00 7.67
  Total Electric Industry 8.59 7.08 5.18 7.60 0.00 7.67
2002              
  Full-Service Providers 8.16 6.64 5.23 7.43 0.00 7.31
  Total Electric Industry 8.16 6.64 5.23 7.43 0.00 7.31
2003              
  Full-Service Providers 8.55 7.13 5.41 0.00 7.21 7.72
  Total Electric Industry 8.55 7.13 5.41 0.00 7.21 7.72
2004              
  Full-Service Providers 8.99 7.61 5.84 0.00 7.45 8.16
  Total Electric Industry 8.99 7.61 5.84 0.00 7.45 8.16
2005              
  Full-Service Providers 9.62 8.16 6.46 0.00 8.03 8.76
  Total Electric Industry 9.62 8.16 6.46 0.00 8.03 8.76
2006              
  Full-Service Providers 11.33 9.91 7.71 0.00 10.32 10.45
  Total Electric Industry 11.33 9.91 7.71 0.00 10.32 10.45

(updated 2006)



Time Leaving to Work in Sumter County, Florida

12:00 A.M. TO 4:59 A.M.   : 711   (5.0%)
5:00 A.M. TO 5:29 A.M.   : 554   (3.9%)
5:30 A.M. TO 5:59 A.M.   : 681   (4.8%)
6:00 A.M. TO 6:29 A.M.   : 1,169   (8.2%)
6:30 A.M. TO 6:59 A.M.   : 1,686   (11.8%)
7:00 A.M. TO 7:29 A.M.   : 2,237   (15.7%)
7:30 A.M. TO 7:59 A.M.   : 2,651   (18.6%)
8:00 A.M. TO 8:29 A.M.   : 1,496   (10.5%)
8:30 A.M. TO 8:59 A.M.   : 421   (3.0%)
9:00 A.M. TO 9:59 A.M.   : 439   (3.1%)
10:00 A.M. TO 10:59 A.M.   : 210   (1.5%)
11:00 A.M. TO 11:59 A.M.   : 183   (1.3%)
12:00 P.M. TO 3:59 P.M.   : 1,025   (7.2%)
4:00 P.M. TO 11:59 P.M.   : 786   (5.5%)


(updated 2010)



Household Size By Vehicles Available
(Sumter County, Florida)

1-person household:

No vehicle available : 930

1 vehicle available : 10,554

2 vehicles available : 819

3 vehicles available : 84

4 or more vehicles available : 112

2-person household:

No vehicle available : 642

1 vehicle available : 17,168

2 vehicles available : 9,329

3 vehicles available : 783

4 or more vehicles available : 89

3-person household:

No vehicle available : 23

1 vehicle available : 634

2 vehicles available : 1,114

3 vehicles available : 641

4 or more vehicles available : 414

4-or-more-person household:

No vehicle available : 78

1 vehicle available : 637

2 vehicles available : 1,056

3 vehicles available : 409

4 or more vehicles available : 162


(updated 2013)



Household Size By Number Of Workers In Household
(Sumter County, Florida)

1-person household:

No workers : 10,510

1 worker : 1,989

2-person household:

No workers : 20,755

1 worker : 5,508

2 workers : 1,748

3-person household:

No workers : 771

1 worker : 677

2 workers : 1,171

3 workers : 207

4-or-more-person household:

No workers : 173

1 worker : 693

2 workers : 1,120

3 or more workers : 356


(updated 2013)



Travel Time To Work
(Sumter County, Florida)

Less than 5 minutes : 542

5 to 9 minutes : 2,349

10 to 14 minutes : 2,564

15 to 19 minutes : 3,692

20 to 24 minutes : 2,212

25 to 29 minutes : 975

30 to 34 minutes : 1,966

35 to 39 minutes : 693

40 to 44 minutes : 460

45 to 59 minutes : 1,140

60 to 89 minutes : 1,247

90 or more minutes : 691


(updated 2013)



Occupations in Sumter County, Florida

Male:


  • Management, Professional, And Related Occupations: 1,307  (16.0%)
  • Service Occupations: 1,429  (17.5%)
  • Sales And Office Occupations: 1,322  (16.2%)
  • Farming, Fishing, And Forestry Occupations 254  (3.1%)
  • Construction, Extraction, And Maintenance Occupations: 2,088  (25.5%)

Female:


  • Management, Professional, And Related Occupations: 1,896  (27.4%)
  • Service Occupations: 1,643  (23.7%)
  • Sales And Office Occupations: 2,777  (40.1%)
  • Farming, Fishing, And Forestry Occupations 53  (0.8%)
  • Construction, Extraction, And Maintenance Occupations: 84  (1.2%)


(updated 2010)





Amtrak Stations in Sumter County, Florida

Other Station(s)


    601 North Main Street
    Wildwood, Florida 34785

(updated 2008)



Employment Rate In Sumter County, Florida

Employed: 28,364
Unemployed: 788



Minority Owned Firms of 100 or More in
Sumter County, Florida

  • Total Black-owned firms of 100 or more, percent 2002: 0.0%
  • Total American Indian-and Alaska Native-owned firms of 100 or more, percent 2002: 0.0%
  • Total Asian-owned firms of 100 or more, percent 2002: 0.0%
  • Total Hispanic-owned firms of 100 or more, percent 2002: 0.0%
  • Total Native Hawaiian-and Other Pacific Islander-owned firms of 100 or more, percent 2002: 0.0%
  • Total women-owned firms of 100 or more, percent 2002: 31.7%
  • Other: 68.3%



Water Usage In Sumter County, Florida

Ground Water

 
Fresh 26.70 Mgal/d
Saline 0.00 Mgal/d

Total 26.70 Mgal/d
 

Surface Water

 
Fresh 17.69 Mgal/d
Saline 0.00 Mgal/d

Total 17.69 Mgal/d





There are 1,078 Farms In Sumter County, Florida


(updated 2008)



Banks In Sumter County, Florida

Citizens First Bank - 7 Branches


    Bank Assets: $11.3m
    Industry Specialization: All Other > $1 Billion
    Total Offices: 24

Branch Banking And Trust Company - 4 Branches


    Bank Assets: $734.5m
    Industry Specialization: Commercial Lending
    Total Offices: 1,843

Suntrust Bank - 3 Branches


    Bank Assets: $535m
    Industry Specialization: Commercial Lending
    Total Offices: 1,514

Jpmorgan Chase Bank, National Association - 2 Branches


    Bank Assets: $4b
    Industry Specialization: International
    Total Offices: 5,679

Wells Fargo Bank, National Association - 2 Branches


    Bank Assets: $2.8b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 6,310

Regions Bank - 2 Branches


    Bank Assets: $235.9m
    Industry Specialization: Commercial Lending
    Total Offices: 1,673

Community Bank And Trust Of Florida - 2 Branches


    Bank Assets: $1.2m
    Industry Specialization: Agricultural
    Total Offices: 11

Bank Of America, National Association - 1 Branches


    Bank Assets: $1.4b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 5,094

Centerstate Bank Of Florida, National Association - 1 Branches


    Bank Assets: $3.8m
    Industry Specialization: Commercial Lending
    Total Offices: 68

United Southern Bank - 1 Branches


    Bank Assets: $403.5k
    Industry Specialization: Commercial Lending
    Total Offices: 22

(updated 2014)







Airports Near Sumter County, Florida

  • Leesburg Municipal


    (about 16.5 miles in Leesburg, Florida; Airport Code: LEE)

  • Leesburg International


    (about 16.6 miles in Leesburg, Florida; Airport Code: LEE)

  • Ocala International-Jim Taylor Field


    (about 29.2 miles in Ocala, Florida; Airport Code: OCF)

  • Ocala Municipal


    (about 29.5 miles in Ocala, Florida; Airport Code: OCF)

  • Hernando County


    (about 30.8 miles in Brooksville, Florida; Airport Code: JZQ)

  • Zephyrhills Municipal


    (about 37.8 miles in Zephyrhills, Florida; Airport Code: FL1)

  • Walt Disney World


    (about 41.6 miles in Lake Buena Vista, Florida; Airport Code: DWS)

  • Williston Municipal


    (about 46.9 miles in Williston, Florida; Airport Code: FL5)

  • Herndon


    (about 47.5 miles in Orlando, Florida; Airport Code: ORL)

  • Executive


    (about 47.6 miles in Orlando, Florida; Airport Code: ORL)

  • Sanford NAS


    (about 50.6 miles in Sanford, Florida; Airport Code: SFB)

  • Orlando Sanford International


    (about 50.8 miles in Sanford, Florida; Airport Code: SFB)

  • Kissimmee Gateway


    (about 51.0 miles in Kissimmee, Florida; Airport Code: ISM)

  • Orlando International


    (about 51.2 miles in Orlando, Florida; Airport Code: MCO)

  • Lakeland Linder Regional


    (about 54.1 miles in Lakeland, Florida; Airport Code: LAL)

  • Lakeland Municipal


    (about 54.1 miles in Lakeland, Florida; Airport Code: LAL)

  • Bartow Municipal


    (about 59.8 miles in Eloise, Florida; Airport Code: BOW)

  • Tampa International


    (about 61.8 miles in Tampa, Florida; Airport Code: TPA)

  • Peter O'Knight


    (about 63.1 miles in Tampa, Florida; Airport Code: TPF)

  • Gainesville Regional


    (about 64.6 miles in Gainesville, Florida; Airport Code: GNV)


(updated 2015)



Modes of Transportation in Sumter County, Florida

Car, Truck, Or Van:

 

Drove Alone

81.25%

Carpooled

12.76%

Public Transportation:

 

Bus Or Trolley Bus

0.05%

Streetcar Or Trolley Car

0.0%

Subway Or Elevated

0.0%

Railroad

0.0%

Ferryboat

0.05%

Taxicab

0.06%

Motorcycle

0.07%

Bicycle

0.20%

Walked

1.15%

Other Means

1.33%

Worked At Home

3.05%



(updated 2010)





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