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 New York
314 pawn shops in 95 cities and towns across New York. Pick a city for the full list with addresses and phone numbers, or scroll down for the smaller towns.
New York has about 19,789,763 residents, so that's 1.6 pawn shops per 100,000 people (U.S.: 2.7). For comparison, there are 0.2 payday, installment and title loan stores per 100,000 people in New York.
- Pawn shops
- 314
- Cities & towns
- 95
- Pawn shops per 100k
- 1.6
- Loan stores
- 48
- List a phone
- 99.0%
- Have a website
- 78.0%
Pawn shops vs payday loan stores in New York
New York has 314 pawn shops and 48 payday, installment and title loan stores.
Pawn shops
314
1.6 per 100k residents
Payday & loan stores
48
0.2 per 100k residents
3 store chains
Biggest loan store chains in New York: OneMain Financial (35), loanDepot (7), Mariner Finance (6).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (not legal in New York) | $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 New York
- 1.9%
- Pawn cost, share of monthly household income in New York
- 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 (New York 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 New York 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 NY | |
|---|---|---|
| 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 New York | Pawnbrokers are licensed and regulated by New York; fees, terms and holding periods are set by state law | Storefront payday loans are not allowed in New York |
Pawn shops by city in New York
- Brooklyn · 49
- Bronx · 45
- New York · 40
- Rochester · 12
- Staten Island · 11
- Jamaica · 10
- Buffalo · 8
- Syracuse · 7
- New Rochelle · 4
- Niagara Falls · 3
- Ozone Park · 3
- Poughkeepsie · 3
- Utica · 3
- Albany · 2
- Astoria · 2
- Elmhurst · 2
- Flushing · 2
- Forest Hills · 2
- Jackson Heights · 2
- Liverpool · 2
- Lockport · 2
- Queens Village · 2
- Ridgewood · 2
- Valley Stream · 2
- Watertown · 2
- Webster · 2
- Yonkers · 2
- Bay Shore · 1
- Binghamton · 1
- Corona · 1
- Hempstead · 1
- Middletown · 1
- Mount Vernon · 1
- Newburgh · 1
- Spring Valley · 1
- Troy · 1
Where pawn shops cluster in New York
Cities ranked by pawn shops per 100,000 residents, with local median household income and poverty rate. Statewide: 1.6 per 100k, median income $93,193.
| City | Pawn shops | Per 100k people | Median income | Poverty rate |
|---|---|---|---|---|
| Ozone Park | 3 | 5.3 | $85,961 | 13.6% |
| New Rochelle | 4 | 5.1 | $111,784 | 11.1% |
| Niagara Falls | 3 | 4.7 | $53,987 | 21.0% |
| Utica | 3 | 4.1 | $54,186 | 25.1% |
| Jamaica | 10 | 4.0 | $76,967 | 13.5% |
| Lockport | 2 | 4.0 | $73,354 | 11.0% |
| Liverpool | 2 | 3.9 | $83,245 | 9.9% |
| Watertown | 2 | 3.9 | $59,277 | 15.1% |
| Webster | 2 | 3.7 | $95,499 | 5.3% |
| Poughkeepsie | 3 | 3.4 | $83,749 | 13.9% |
| Bronx | 45 | 3.2 | $51,442 | 27.0% |
| Valley Stream | 2 | 3.1 | $136,577 | 4.4% |
| Syracuse | 7 | 3.1 | $59,936 | 22.5% |
| Jackson Heights | 2 | 3.0 | $77,133 | 14.9% |
| Queens Village | 2 | 2.8 | $92,620 | 9.7% |
Pawn shop chains in New York
39 of the 314 pawn shops in New York belong to a big chain; the rest are independent.
- GEM Pawnbrokers 28
- EZPAWN 11
Pawn shops in smaller towns of New York
Other cities and towns in New York with pawn shops, and the number of shops in each.
- Albion 2
- Auburn 1
- Baldwin 2
- Batavia 1
- Bayside 1
- Bellerose 1
- Brentwood 2
- Burke 1
- Centereach 1
- Central Islip 1
- Chaffee 1
- Cortland 1
- Depew 1
- East Meadow 1
- Elmont 1
- Essex 1
- Evans Mills 1
- Farmingdale 1
- Fishkill 1
- Freeport 2
- Glens Falls 1
- Hicksville 1
- Huntington 2
- Jamestown 1
- Lawrence 2
- Lindenhurst 3
- Long Island City 2
- Mahopac 1
- Medford 1
- Melville 1
- Merrick 1
- Nedrow 1
- New Windsor 1
- Nyack 1
- Oneida 1
- Ontario 1
- Oswego 2
- Patchogue 3
- Plattsburgh 1
- Rego Park 2
- Richmond Hill 2
- Riverhead 1
- Rockville Centre 1
- Rocky Point 1
- Rome 2
- Ronkonkoma 2
- Rosedale 2
- Selden 2
- Shirley 2
- Springfield Gardens 1
- Springville 1
- Sunnyside 1
- Syosset 1
- Tonawanda 1
- Wappingers Falls 1
- West Babylon 1
- Westbury 1
- Woodhaven 2
- Wyandanch 1
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.