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Pawn Shops vs Payday Loans in Salem, OR
7 pawn shops in and around Salem — 2.5 per 100,000 residents, compared with 1.6 across Oregon. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Salem ranks #3 of 11 Oregon cities with pawn shops by shops per resident.
- Pawn shops
- 7
- Pawn shops per 100k
- 2.5
- Oregon: 1.6
- Big-chain shops
- 0
- Payday & loan stores
- 7
- Population
- 279,480
Pawn shops in Salem: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| All That Glitters | 1191 Lancaster Dr Ne Salem, OR 97301 | — | — |
| Capital Pawn | 3335 Commercial St SE Salem, OR 97302 | (503) 385-1394 | cappawn.com |
| Dan's Pawnshop, Inc. | 3380 River Rd N Keizer, OR 97303 | (503) 390-2274 | danspawnshopinc.net |
| Elite Buyers NW | 1125 Edgewater St NW Salem, OR 97304 | (503) 339-7594 | elitebuyersnwpawnshop.com |
| Elite Buyers NW | 446 Lancaster Dr NE B Salem, OR 97301 | (503) 689-1755 | elitebuyersnwpawnshop.com |
| State Street Jewelry and Pawn | 2211 State St Salem, OR 97301 | (503) 391-4245 | statestreetpawn.com |
| The Pawnshop | 3820 Silverton Rd NE Salem, OR 97305 | (503) 588-2514 | thepawnshopchulavista.com |
Pawn shops vs payday loan stores in Salem
Salem has 7 pawn shops and 7 payday, installment and title loan stores.
Pawn shops
7
2.5 per 100k residents
Payday & loan stores
7
2.5 per 100k residents
4 store chains
Biggest loan store chains in Salem: ACE Cash Express (3), OneMain Financial (2), 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 (~154% APR) | $50.00 fee every 2 weeks, renewed once | $100.00 |
| 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 Salem
- 1.6%
- Pawn cost, share of monthly household income in Salem
- 1.6%
- A $400 emergency equals
- 1.9 days of income
Payday: the OR maximum — $50 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 Oregon 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 OR | |
|---|---|---|
| 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 Oregon | Pawnbrokers are licensed and regulated by Oregon; fees, terms and holding periods are set by state law | Allowed, up to $500; typical APR ~154% |
Salem at a glance
- Median household income
- $76,436
- Oregon: $83,810
- Poverty rate
- 13.7%
- Oregon: 11.9%
- Households under $25,000
- 13.8%
- Oregon: 13.9%
- A $400 emergency equals
- 1.9 days of income
Payday and installment loan stores in Salem
For comparison: storefront payday, installment and title lenders in Salem with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 1131 Lancaster Dr NE Salem, OR 97301 | (503) 370-4466 | — | 4.7 |
| 4378 River Rd N Keizer, OR 97303 | (503) 393-6669 | — | 4.3 |
| 4975 Commercial St SE Salem, OR 97302 | (503) 566-6669 | — | 4.7 |
| 3348 Market St NE Salem, OR 97301 | (503) 585-2444 | — | 4.0 |
| 486 Lancaster Dr NE Salem, OR 97301 | (503) 362-3657 | — | 3.7 |
| 3284 Lancaster Dr NE E Salem, OR 97305 | (503) 606-6911 | — | 4.9 |
| 960 Liberty St SE 260 260 Salem, OR 97302 | (503) 852-8050 | — | 4.4 |
Pawn shops near Salem
More about Salem
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.