Key Economic Benchmarks
Median Household Income
$76,508$6,376 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Sumter County, FL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Sumter County, FL
Official FY2026 HUD Fair Market Rents for Wildwood-The Villages, FL MSA. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,076 | $12,912 | $43,040 | 16.9% |
| 1-Bedroom Apartment | $1,139 | $13,668 | $45,560 | 17.9% |
| 2-Bedroom ApartmentBenchmark | $1,328 | $15,936 | $53,120 | 20.8% |
| 3-Bedroom Home | $1,655 | $19,860 | $66,200 | 26% |
| 4-Bedroom Home | $1,937 | $23,244 | $77,480 | 30.4% |
50/30/20 Living Budget in Sumter County, FL
Based on the local median household income of $76,508/year ($6,376/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Florida
Explore net income after federal income tax, FICA, and Florida state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Florida with official federal datasets:
Frequently Asked Questions About Living in Sumter County, FL
What is the median household income in Sumter County, FL?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Sumter County, FL is $76,508 per year (approximately $6,376 per month).
What is the average rent in Sumter County, FL?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Sumter County, FL are $1,076 for a studio, $1,139 for 1 bedroom, $1,328 for 2 bedrooms, $1,655 for 3 bedrooms, and $1,937 for 4 bedrooms.
How does the cost of living in Sumter County, FL compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Sumter County, FL is 85.4 (14.6% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Sumter County, FL?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,328/month) in Sumter County, FL requires a minimum gross household income of $53,120 per year ($4,427 per month).
What is a balanced 50/30/20 monthly budget in Sumter County, FL?
For a typical household earning the median income of $76,508/year ($6,376/month) in Sumter County, FL, a balanced 50/30/20 budget allocates $3,188/month to essential needs (rent, utilities, groceries), $1,913/month to discretionary spending, and $1,275/month to savings and debt repayment.
What are typical electricity and utility costs in Sumter County, FL?
Residential electricity rates in Florida average 15.1¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $136 per month.