Analysis

Payday Loan Borrowing By State

Pew’s nationally representative survey of payday loan borrowers includes state data on the percentage of people who use payday loans, as well as the number of survey interviews completed in each state. State payday loan usage ranges from 1 to 13 percent, although some states had fewer than 300 interviews and therefore the percentage is not reported.

State

Percentage of Respondents in State Reporting Payday Borrowing (%)

Number of Interviews

National

5.5

33,576

Alabama

7

523

Arkansas

**

288

Arizona

4

545

California

5

3862

Colorado

7

612

Connecticut

1

356

District of Columbia

**

83

Delaware

**

111

Florida

7

1874

Georgia

3

1033

Iowa

5

319

Idaho

**

216

Illinois

2

1103

Indiana

9

763

Kansas

8

353

Kentucky

8

531

Louisiana

10

484

Massachusetts

2

682

Maryland

3

649

Maine

**

167

Michigan

5

1058

Minnesota

4

615

Missouri

11

750

Mississippi

**

170

Montana

**

166

North Carolina

5

1185

North Dakota

**

87

Nebraska

**

236

New Hampshire

**

138

New Jersey

3

896

New Mexico

**

235

Nevada

**

246

New York

3

2072

Ohio

10

1409

Oklahoma

13

434

Oregon

5

482

Pennsylvania

3

1741

Rhode Island

**

108

South Carolina

7

502

South Dakota

**

93

Tennessee

6

807

Texas

8

2471

Utah

6

367

Virginia

4

943

Vermont

**

69

Washington

11

764

Wisconsin

5

674

West Virginia

**

227

Wyoming

**

77

 

*The survey was only conducted in the continental United States and therefore the survey data do not include Alaska or Hawaii.

**Results are not reported for states where fewer than 300 interviews were completed because of the high margin of error associated with such results

Note: Data represents percentage of adults in each state who report having used a payday loan in the past five years. Interviews were conducted from August 2011 through December 2011. Pew Safe Small-Dollar Loans Research Project, 2012.

Date:
July 19, 2012
Project:
Safe Small-Dollar Loans Research Project
Issues:
Consumer Financial Security
 
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