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Pawn Shops vs Payday Loans in Minneapolis, MN
18 pawn shops in and around Minneapolis — 1.6 per 100,000 residents, compared with 1.5 across Minnesota. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Minneapolis ranks #5 of 8 Minnesota cities with pawn shops by shops per resident.
- Pawn shops
- 18
- Pawn shops per 100k
- 1.6
- Minnesota: 1.5
- Big-chain shops
- 5
- Payday & loan stores
- 11
- Population
- 1,131,257
Pawn shops in Minneapolis: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| EZPAWNChain | 2726 E Lake St Minneapolis, MN 55406 | (612) 722-8232 | locations.ezpawn.com |
| Golden Valley Stamp & Coin | 2525 Nevada Ave N Ste 101 Golden Valley, MN 55427 | (763) 544-4431 | gvstamps.com |
| Hy's Pawn & Jewelry | 1025 Currie Ave Minneapolis, MN 55403 | (612) 332-3455 | — |
| Lincoln Pawn & Jewelry | 8480 Highway 65 NE Minneapolis, MN 55432 | (763) 783-1133 | — |
| maX it PAWN | 5445 Lakeland Ave N Crystal, MN 55429 | (763) 533-4103 | ezpawn.com |
| maX it PAWN | 7300 University Ave NE Fridley, MN 55432 | (763) 571-2774 | ezpawn.com |
| Max It PAWN | 815 Cedar Ave Ste A-1 Minneapolis, MN 55404 | (612) 206-3010 | ezpawn.com |
| maX it PAWN | 9432 Lyndale Ave S Bloomington, MN 55420 | (952) 884-1234 | ezpawn.com |
| Metro Pawn and Gun | 7529 Lyndale Ave S Richfield, MN 55423 | (612) 861-2727 | metropawnandgun.com |
| Pawn AmericaChain | 15 Coon Rapids Blvd NW Coon Rapids, MN 55448 | (763) 433-2992 | pawnamerica.com |
| Pawn AmericaChain | 4134 W Broadway Robbinsdale, MN 55422 | (763) 533-1424 | pawnamerica.com |
| Pawn AmericaChain | 789 53rd Ave NE Fridley, MN 55421 | (763) 571-8311 | pawnamerica.com |
| Pawn AmericaChain | 8650 Lyndale Ave S Bloomington, MN 55420 | (952) 888-8300 | pawnamerica.com |
| Pawnworks | 5508 W Broadway Ave Crystal, MN 55428 | (763) 533-4253 | pawnworks.com |
| Twin Cities Pawn | 1923 Coon Rapids Blvd NW Coon Rapids, MN 55433 | (651) 730-7296 | twincitiespawn.com |
| Twin Cities Pawn & Jewelry | 1538 E Lake St Minneapolis, MN 55407 | (763) 326-1955 | twincitiespawn.com |
| Uptown Pawn | 301 W Lake St Minneapolis, MN 55408 | (612) 823-3001 | uptownpawn.net |
| We Pay More Pawn | 4223 Winnetka Ave N # B Minneapolis, MN 55428 | (763) 600-6462 | wepaymorepawn.com |
Pawn shops vs payday loan stores in Minneapolis
Minneapolis has 18 pawn shops and 11 payday, installment and title loan stores.
Pawn shops
18
1.6 per 100k residents
Payday & loan stores
11
1.0 per 100k residents
3 store chains
Biggest loan store chains in Minneapolis: ACE Cash Express (7), OneMain Financial (3), loanDepot (1).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (not legal in Minnesota) | $75.00 fee every 2 weeks, renewed once | $150.00 |
| 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 Minneapolis
- 1.9%
- Pawn cost, share of monthly household income in Minneapolis
- 1.3%
- A $400 emergency equals
- 1.6 days of income
Payday: a typical fee of $75 on a $500 loan for 2 weeks, paid twice for a one-month loan (Minnesota payday rules are not set in dollars or payday loans are not allowed). Pawn: an example rate of 20% a month; pawn fees and interest are set by Minnesota 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.
Pawn loan vs payday loan: the key differences
| Pawn loan | Payday loan in MN | |
|---|---|---|
| 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 Minnesota | Pawnbrokers are licensed and regulated by Minnesota; fees, terms and holding periods are set by state law | Storefront payday loans are not allowed in Minnesota |
Minneapolis at a glance
- Median household income
- $93,401
- Minnesota: $92,264
- Poverty rate
- 11.7%
- Minnesota: 9.4%
- Households under $25,000
- 12.7%
- Minnesota: 11.6%
- A $400 emergency equals
- 1.6 days of income
Payday and installment loan stores in Minneapolis
For comparison: storefront payday, installment and title lenders in Minneapolis with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 2761 Winnetka Ave N New Hope, MN 55427 | (763) 546-0443 | — | 4.8 |
| 4110 Central Ave NE Columbia Heights, MN 55421 | (763) 781-5760 | — | 4.8 |
| 527 W Broadway Minneapolis, MN 55411 | (612) 522-4567 | — | 4.8 |
| 601 W 98th St Bloomington, MN 55420 | (952) 881-0179 | — | 4.6 |
| 6219 Brooklyn Blvd Brooklyn Center, MN 55429 | (763) 535-6872 | — | 4.8 |
| 6525 Nicollet Ave Richfield, MN 55423 | (612) 866-6505 | — | 4.7 |
| 8314 MN-7 St Louis Park, MN 55426 | (952) 935-7100 | — | 4.9 |
| 3901 Silver Lake Rd NE St Anthony, MN 55421 | (612) 789-9225 | — | 4.0 |
| 5109 Minnetonka Blvd St Louis Park, MN 55416 | (952) 926-1780 | — | 3.5 |
| 8565 Lyndale Ave S Bloomington, MN 55420 | (952) 888-2047 | — | 4.1 |
| 1330 Lagoon Ave Minneapolis, MN 55408 | (612) 851-9410 | — | 2.3 |
Pawn shops near Minneapolis
More about Minneapolis
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.