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Pawn Shops vs Payday Loans in Cedar City, UT
4 pawn shops in and around Cedar City — 7.4 per 100,000 residents, compared with 2.6 across Utah. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Cedar City ranks #1 of 14 Utah cities with pawn shops by shops per resident.
- Pawn shops
- 4
- Pawn shops per 100k
- 7.4
- Utah: 2.6
- Big-chain shops
- 1
- Payday & loan stores
- 4
- Population
- 53,958
Pawn shops in Cedar City: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Cedar Post Pawn Shop | 221 N 100 W Cedar City, UT 84721 | (435) 586-3651 | cedarpostpawnshop.com |
| Pawn PlusChain | 70 E 200 N Ste 4 Cedar City, UT 84720 | (435) 586-7296 | pawnplusutah.com |
| The Vault Gun and Pawn | 696 W 200 N Cedar City, UT 84720 | (435) 867-5309 | thevaultgunandpawn.com |
| World Class Pawn & Jewelry | 1014 S Main St Cedar City, UT 84720 | (435) 867-0599 | shop.worldclasspawn.com |
Pawn shops vs payday loan stores in Cedar City
Cedar City has 4 pawn shops and 4 payday, installment and title loan stores.
Pawn shops
4
7.4 per 100k residents
Payday & loan stores
4
7.4 per 100k residents
4 store chains
Biggest loan store chains in Cedar City: Advance America (1), Dollar Loan Center (1), Security Finance (1), TitleMax (1).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (~652%+ APR) | $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 Cedar City
- 2.6%
- Pawn cost, share of monthly household income in Cedar City
- 1.7%
- A $400 emergency equals
- 2.1 days of income
Payday: a typical fee of $75 on a $500 loan for 2 weeks, paid twice for a one-month loan (Utah 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 Utah 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 UT | |
|---|---|---|
| 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 Utah | Pawnbrokers are licensed and regulated by Utah; fees, terms and holding periods are set by state law | Allowed, up to No state limit; typical APR ~652%+ |
Cedar City at a glance
- Median household income
- $69,015
- Utah: $95,410
- Poverty rate
- 13.9%
- Utah: 8.7%
- Households under $25,000
- 13.7%
- Utah: 9.1%
- A $400 emergency equals
- 2.1 days of income
Payday and installment loan stores in Cedar City
For comparison: storefront payday, installment and title lenders in Cedar City with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 943 S Main St #3 Cedar City, UT 84720 | (435) 586-1772 | — | 5.0 |
| 991 N Main St Suite 3 Cedar City, UT 84721 | (435) 233-7755 | — | 5.0 |
| 568 S Main St Cedar City, UT 84720 | (435) 586-1095 | — | 5.0 |
| 566 S Main St Ste B Cedar City, UT 84720 | (435) 868-4350 | — | 4.9 |
Pawn shops near Cedar City
More about Cedar 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.