Pawnbroker Salary

A Pawnbroker earns an average wage of $10.83 per hour. People in this job generally don't have more than 10 years' experience. A skill in Loan Processing is associated with high pay for this job. For the first five to ten years in this position, pay increases sharply, but any additional experience does not have a big effect on pay.

$23,926 - $74,465
$24K
$36K
$74K
MEDIAN: $35,734
10%
50%
90%

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$8.33 - $15.32
$8
$11
$15
MEDIAN: $10.83
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25K$50K$75K
Salary
$23,926 - $74,465  
   
Bonus
$-0.49 - $4,698  
Commission
$494.93 - $4,385  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$18,334 - $43,079  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 30
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$9$18$27
Hourly Rate
$8.33 - $15.32  
   
Hourly Tips
$0.95  
Overtime
$10.77 - $25.21  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$18K$36K$54K
Bonus
$-0.49 - $4,698  
   
Commission
$494.93 - $4,385  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$18,334 - $43,079  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 93

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Job Description for Pawnbroker

A pawnbroker works in a pawn shop. Usually, clients will come into the pawnshop when they are in need of money, and they will leave items of value at the pawn shop, in order to obtain a loan. The value of the loan should be below the value of the item; then if the client does not return for the item, the item can be sold, and a profit can be made. Some customers will also come into the store simply hoping to sell an item. Other customers will come into the pawnshop looking to purchase items.

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Pawnbroker Tasks

  • Maintain store by doing daily duties.
  • Formulate pricing policies by reviewing merchandising activities.
  • Ensure availability of merchandise and services by maintaining inventories.
  • Identify current and future customer requirements by establishing rapport with potential and actual customers.

Common Career Paths for Pawnbroker


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Key Stats for Pawnbroker

Gender

Female
22 %
Male
78 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 22 votes.
Less than 1 year
10%
1-4 years
54%
5-9 years
27%
10-19 years
7%
20 years or more
2%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Pawnbroker Salaries

Experienced
▲23%

Mid-Career
▲22%

National Average
$25,000

Entry-Level
▼5%

Skills That Affect Pawnbroker Salaries

Loan Processing
▲24%

Sales
▲6%

Customer Service
▲2%

National Average
$25,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 22 votes.

Gender

Female
22 %
Male
78 %

Years of Experience

Less than 1 year
10%
1-4 years
54%
5-9 years
27%
10-19 years
7%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 30%
dental benefits
Dental: 24%
vision benefits
Vision: 18%
dental benefits
None: 66%
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