Compare legal limits, fees and the true cost of small loans in your state before you talk to any lender. Compare legal limits, fees and the true cost of small loans in your state.
Pawn Shops vs Payday Loans in Opa Locka, FL
7 pawn shops in and around Opa Locka — 10.2 per 100,000 residents, compared with 4.5 across Florida. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Opa Locka ranks #3 of 86 Florida cities with pawn shops by shops per resident.
- Pawn shops
- 7
- Pawn shops per 100k
- 10.2
- Florida: 4.5
- Big-chain shops
- 0
- Payday & loan stores
- 3
- Population
- 68,391
Pawn shops in Opa Locka: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| King Cash Pawn & Jewelry | 14580 NW 27th Ave Opa-Locka, FL 33054 | (305) 688-1100 | kingcashpawn.com |
| King Cash Pawn & Jewelry | 4721 NW 183rd St Opa-Locka, FL 33055 | (305) 625-0031 | kingcashpawn.com |
| Lucky Pawn & Jewelry | 2170 Opa Locka Blvd Opa Locka, FL 33054 | (305) 688-3099 | theluckypawn.com |
| Miami Gardens Jewelry & Loans | 16601 NW 27th Ave Miami Gardens, FL 33054 | (305) 620-8001 | miamigardenspawn.com |
| Money Tree Pawn Shop | 13950 NW 27th Ave Opa-Locka, FL 33054 | (305) 685-9663 | the-money-tree.com |
| R J Cash II | 4522 NW 183rd St Miami Gardens, FL 33055 | (305) 620-4464 | rjcash2loan.com |
| Ramon Pawn & Jewelry | 4522 NW 183rd St Miami Gardens, FL 33055 | — | — |
Pawn shops vs payday loan stores in Opa Locka
Opa Locka has 7 pawn shops and 3 payday, installment and title loan stores.
Pawn shops
7
10.2 per 100k residents
Payday & loan stores
3
4.4 per 100k residents
2 store chains
Biggest loan store chains in Opa Locka: ACE Cash Express (2), OneMain Financial (1).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (~304% APR) | $55.00 fee every 2 weeks, renewed once | $110.00 |
| Pawn loan (example: 20% a month) | You leave an item worth more than the loan; repay to get it back | $100.00 |
| Credit union PAL (28% APR + $20 fee) | Repaid in installments; membership required | $31.67 |
- Payday cost, share of monthly household income in Opa Locka
- 2.5%
- Pawn cost, share of monthly household income in Opa Locka
- 2.3%
- A $400 emergency equals
- 2.8 days of income
Payday: the FL maximum — $55 on a $500 loan for 2 weeks, paid twice for a one-month loan. Pawn: an example rate of 20% a month; pawn fees and interest are set by Florida law and vary by shop — ask for the total in writing. PAL: payday alternative loan from a federal credit union, capped at 28% APR plus an application fee of up to $20. Income: U.S. Census Bureau, American Community Survey.
Pawn loan vs payday loan: the key differences
| Pawn loan | Payday loan in FL | |
|---|---|---|
| What you need | An item of value (jewelry, gold, electronics, tools, firearms) and an ID | A bank account, proof of income and an ID |
| Credit check | None | Usually none |
| How much you get | A fraction of the item's resale value | Based on your income, up to the state limit |
| If you can't repay | The shop keeps the item; no collections and no credit damage | Fees pile up with renewals; the debt can go to collections |
| Bank account access | None | Lender can debit your account or cash your check |
| Rules in Florida | Pawnbrokers are licensed and regulated by Florida; fees, terms and holding periods are set by state law | Allowed, up to $500; typical APR ~304% |
Opa Locka at a glance
- Median household income
- $52,005
- Florida: $75,446
- Poverty rate
- 18.0%
- Florida: 12.7%
- Households under $25,000
- 23.4%
- Florida: 15.4%
- A $400 emergency equals
- 2.8 days of income
Payday and installment loan stores in Opa Locka
For comparison: storefront payday, installment and title lenders in Opa Locka with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 13830 NW 27th Ave Opa-locka, FL 33054 | (305) 687-9021 | — | 5.0 |
| 4684 NW 183rd St Miami Gardens, FL 33055 | (305) 620-8403 | — | 5.0 |
| 18355 NW 57th Ave Ste 104 Miami Gardens, FL 33055 | (305) 907-7746 | — | 4.5 |
Pawn shops near Opa Locka
More about Opa Locka
Pawn shop listings: © Overture Maps Foundation (CDLA-Permissive 2.0), including Foursquare OS Places and © OpenStreetMap contributors; filtered and de-duplicated by us. Population, income and poverty: U.S. Census Bureau, American Community Survey. Call ahead to confirm hours and what a shop buys or lends on.