Industry Statistics & Market Data
Comprehensive data analysis of the pawn lending industry, market size, and economic trends
What is the Market Size of the Pawn Industry?
The U.S. pawn industry generates approximately $14-15 billion in annual revenue, serving millions of consumers who need short-term credit access.
What Are Typical Pawn Loan Amounts?
Average pawn loans range from $70-$150, though high-value items can secure loans up to $1 million.
What Are Pawn Loan Default Rates?
Redemption rates average 70-85%, meaning 15-30% of loans result in forfeiture.
How Many People Work in Pawn Shops?
The industry employs approximately 50,000-60,000 people nationwide.
Who Uses Pawn Services?
Pawn customers are diverse, with 40% having household incomes above $50,000.
How Does Pawn Lending Compare to Other Credit?
Pawn loans offer unique advantages but typically have higher rates than traditional bank loans.