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 Sioux City, IA
3 pawn shops in and around Sioux City — 3.4 per 100,000 residents, compared with 1.8 across Iowa. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Sioux City ranks #5 of 10 Iowa cities with pawn shops by shops per resident.
- Pawn shops
- 3
- Pawn shops per 100k
- 3.4
- Iowa: 1.8
- Big-chain shops
- 1
- Payday & loan stores
- 3
- Population
- 89,537
Pawn shops in Sioux City: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| EZPAWNChain | 1801 Hamilton Blvd Sioux City, IA 51104 | (712) 277-8169 | ezpawn.com |
| Mel's Pawn Shop | 1019 W 7th St Sioux City, IA 51103 | (712) 258-2639 | melspawn.com |
| Pawn Shop | 509 8th St Sioux City, IA 51101 | (712) 233-2772 | thepawnshopinc.com |
Pawn shops vs payday loan stores in Sioux City
Sioux City has 3 pawn shops and 3 payday, installment and title loan stores.
Pawn shops
3
3.4 per 100k residents
Payday & loan stores
3
3.4 per 100k residents
3 store chains
Biggest loan store chains in Sioux City: Advance America (1), Check Into Cash (1), OneMain Financial (1).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (~337% 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 Sioux City
- 2.0%
- Pawn cost, share of monthly household income in Sioux City
- 1.8%
- A $400 emergency equals
- 2.2 days of income
Payday: the IA 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 Iowa 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 IA | |
|---|---|---|
| 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 Iowa | Pawnbrokers are licensed and regulated by Iowa; fees, terms and holding periods are set by state law | Allowed, up to $500; typical APR ~337% |
Sioux City at a glance
- Median household income
- $67,398
- Iowa: $76,204
- Poverty rate
- 14.5%
- Iowa: 11.1%
- Households under $25,000
- 17.7%
- Iowa: 14.2%
- A $400 emergency equals
- 2.2 days of income
Payday and installment loan stores in Sioux City
For comparison: storefront payday, installment and title lenders in Sioux City with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 1713 Hamilton Blvd. Sioux City, IA 51103 | (712) 234-1864 | Mon–Fri 9:00 AM – 5:30 PM Sat–Sun closed |
— |
| 1760 Hamilton Blvd Sioux City, IA 51103 | (712) 258-9125 | — | 4.9 |
| 1776 Hamilton Blvd Sioux City, IA 51103 | (712) 252-9771 | — | 3.6 |
Pawn shops near Sioux City
More about Sioux 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.