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Pawn Shops vs Payday Loans in Panama City, FL
7 pawn shops in and around Panama City — 5.9 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. Panama City ranks #25 of 86 Florida cities with pawn shops by shops per resident.
- Pawn shops
- 7
- Pawn shops per 100k
- 5.9
- Florida: 4.5
- Big-chain shops
- 1
- Payday & loan stores
- 4
- Population
- 119,493
Pawn shops in Panama City: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| 98 Pawn & Jewelry | 128 N Tyndall Pkwy Panama City, FL 32404 | (850) 481-1052 | pawn98.com |
| Alamo Pawn Shop | 2312 Transmitter Rd Panama City, FL 32404 | (850) 872-0700 | panamacitypawnshop.com |
| Dans Pawn | 1315 Beck Ave Panama City, FL 32401 | (850) 747-0011 | danspawn.com |
| Lending BearChain | 609 E 23rd St Panama City, FL 32405 | (850) 763-0300 | lendingbear.com |
| Money Mizer Pawns and Jewelers | 2424 W 23rd St Panama City, FL 32405 | (850) 215-3880 | moneymizerpawn.com |
| Panhandle Gun & Pawn | 1040 W 15th St Panama City, FL 32401 | (850) 874-2212 | panhandlepawn.com |
| Pawn Depot | 1040 W 15th St Panama City, FL 32401 | (850) 215-8323 | pawndepotfl.com |
Pawn shops vs payday loan stores in Panama City
Panama City has 7 pawn shops and 4 payday, installment and title loan stores.
Pawn shops
7
5.9 per 100k residents
Payday & loan stores
4
3.3 per 100k residents
4 store chains
Biggest loan store chains in Panama City: 1st Franklin Financial (1), Advance America (1), Mariner Finance (1), loanDepot (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 Panama City
- 2.0%
- Pawn cost, share of monthly household income in Panama City
- 1.8%
- A $400 emergency equals
- 2.2 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% |
Panama City at a glance
- Median household income
- $67,407
- Florida: $75,446
- Poverty rate
- 12.5%
- Florida: 12.7%
- Households under $25,000
- 15.0%
- Florida: 15.4%
- A $400 emergency equals
- 2.2 days of income
Payday and installment loan stores in Panama City
For comparison: storefront payday, installment and title lenders in Panama City with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 631 US-231 Panama City, FL 32405 | (850) 522-5930 | — | 5.0 |
| 619 W. 23rd Street Panama City, FL 32405 | (850) 873-6162 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat 9:00 AM – 4:00 PM Sun closed |
— |
| 2349 Martin Luther King Jr Blvd Panama City, FL 32405 | (850) 763-8300 | — | 4.8 |
| 272 Forest Park Cir Panama City, FL 32405 | (850) 481-7100 | — | 5.0 |
Pawn shops near Panama City
More about Panama City
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.