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State RTO Associations
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State RTO Associations - Rent-to-Own's State Economic Impact and Statutes
APRO has compiled state-by-state RTO rules and regulations into an easy-to-reference set of charts organized by in-store price tag disclosures, rent-to-own contract disclosures, specifications on fees and payments, advertising disclosures and reinstatement rights.
Use this link to download a PDF of the rules and regulations charts.
For more information regarding rent-to-own industry statistics, contact Richard May by e-mail or call 800/204-2776, ext. 104.
Alabama 188 rent-to-own stores, 1128 employees, $39,480,000 annual wages, $6,040,440 annual payroll taxes, $138,338,108 annual revenues
Alaska 15 rent-to-own stores, 90 employees, $3,150,000 annual wages, $481,950 annual payroll taxes, $11,037,615 annual revenues
Arizona 128 rent-to-own stores, 768 employees, $26,880,000 annual wages, $4,112,640 annual payroll taxes, $94,187,648 annual revenues
Arkansas
California 286 rent-to-own stores, 1716 employees, $60,060,000 annual wages, $9,189,180 annual payroll taxes, $210,450,526 annual revenues Click here to download amendments to California’s RTO statutes (amended November 2006)
Colorado 101 rent-to-own stores, 606 employees, $21,210,000 annual wages, $3,245,130 annual payroll taxes, $74,319,941 annual revenues
Connecticut 69 rent-to-own stores, 414 employees, $14,490,000 annual wages, $2,216,970 annual payroll taxes, $50,773,029 annual revenues
Delaware 31 rent-to-own stores, 186 employees, $6,510,000 annual wages, $996,030 annual payroll taxes, $22,811,071 annual revenues
Florida 522 rent-to-own stores, 3132 employees, $109,620,000 annual wages, $16,771,860 annual payroll taxes, $384,109,002 annual revenues
Georgia 316 rent-to-own stores, 1896 employees, $66,360,000 annual wages, $10,153,080 annual payroll taxes, $232,525,756 annual revenues
Hawaii 19 rent-to-own stores, 114 employees, $3,990,000 annual wages, $610,470 annual payroll taxes, $13,980,979 annual revenues
Idaho 24 rent-to-own stores, 144 employees, $5,040,000 annual wages, $771,120 annual payroll taxes, $17,660,184 annual revenues
Illinois 236 rent-to-own stores, 1416 employees, $49,560,000 annual wages, $7,582,680 annual payroll taxes, $173,658,476 annual revenues
Indiana 250 rent-to-own stores, 1500 employees, $52,500,000 annual wages, $8,032,500 annual payroll taxes, $183,960,250 annual revenues Click here to download state RTO statutes Click here to download 2007 Indiana state law amendments
Iowa 83 rent-to-own stores, 498 employees, $17,430,000 annual wages, $2,666,790 annual payroll taxes, $61,074,803 annual revenues
Kansas 134 rent-to-own stores, 804 employees, $28,140,000 annual wages, $4,305,420 annual payroll taxes, $98,602,694 annual revenues
Kentucky 214 rent-to-own stores, 1284 employees, $44,940,000 annual wages, $6,875,820 annual payroll taxes, $157,469,974 annual revenues
Louisiana 236 rent-to-own stores, 1416 employees, $49,560,000 annual wages, $7,582,680 annual payroll taxes, $173,658,476 annual revenues
Maine 48 rent-to-own stores, 288 employees, $10,080,000 annual wages, $1,542,240 annual payroll taxes, $35,320,368 annual revenues
Maryland 88 rent-to-own stores, 528 employees, $18,480,000 annual wages, $2,827,440 annual payroll taxes, $64,754,008 annual revenues
Massachusetts 84 rent-to-own stores, 504 employees, $17,640,000 annual wages, $2,698,920 annual payroll taxes, $61,810,644 annual revenues
Michigan 210 rent-to-own stores, 1260 employees, $44,100,000 annual wages, $6,747,300 annual payroll taxes, $154,526,610 annual revenues
Minnesota 9 rent-to-own stores, 54 employees, $1,890,000 annual wages, $289,170 annual payroll taxes, $6,622,569 annual revenues
Mississippi 170 rent-to-own stores, 1020 employees, $35,700,000 annual wages, $5,462,100 annual payroll taxes, $125,092,970 annual revenues
Missouri 260 rent-to-own stores, 1560 employees, $54,600,000 annual wages, $8,353,800 annual payroll taxes, $191,318,660 annual revenues
Montana 16 rent-to-own stores, 96 employees, $3,360,000 annual wages, $514,080 annual payroll taxes, $11,773,456 annual revenues
Nebraska 57 rent-to-own stores, 342 employees, $11,970,000 annual wages, $1,831,410 annual payroll taxes, $41,942,937 annual revenues
Nevada 33 rent-to-own stores, 198 employees, $6,930,000 annual wages, $1,060,290 annual payroll taxes, $24,282,753 annual revenues
New Hampshire 43 rent-to-own stores, 258 employees, $9,030,000 annual wages, $1,381,590 annual payroll taxes, $31,641,163 annual revenues
New Jersey 62 rent-to-own stores, 372 employees, $13,020,000 annual wages, $1,992,060 annual payroll taxes, $45,622,142 annual revenues
New Mexico 74 rent-to-own stores, 444 employees, $15,540,000 annual wages, $2,337,620 annual payroll taxes, $54,452,234 annual revenues
New York 281 rent-to-own stores, 1686 employees, $59,010,000 annual wages, $9,028,530 annual payroll taxes, $206,771,321 annual revenues
North Carolina 336 rent-to-own stores, 2016 employees, $70,560,000 annual wages, $10,795,680 annual payroll taxes, $247,242,576 annual revenues
North Dakota 14 rent-to-own stores, 84 employees, $2,940,000 annual wages, $450,000 annual payroll taxes, $10,300,000 annual revenues
Ohio 388 rent-to-own stores, 2328 employees, $81,480,000 annual wages, $12,466,000 annual payroll taxes, $285,500,000 annual revenues
Oklahoma 152 rent-to-own stores, 912 employees, $31,920,000 annual wages, $4,884,000 annual payroll taxes, $111,848,000 annual revenues
Oregon 59 rent-to-own stores, 354 employees, $12,390,000 annual wages, $1,896,000 annual payroll taxes, $43,415,000 annual revenues
Pennsylvania 250 rent-to-own stores, 1500 employees, $52,500,000 annual wages, $8,100,000 annual payroll taxes, $183,960,000 annual revenues
Rhode Island 24 rent-to-own stores, 144 employees, $5,040,000 annual wages, $771,000 annual payroll taxes, $17,660,000 annual revenues
South Carolina 192 rent-to-own stores, 1152 employees, $40,320,000 annual wages, $6,169,000 annual payroll taxes, $141,281,000 annual revenues
South Dakota 19 rent-to-own stores, 114employees, $3,990,000 annual wages, $610,000 annual payroll taxes, $13,980,000 annual revenues
Tennessee 290 rent-to-own stores, 1740 employees, $60,900,000 annual wages, $9,318,000 annual payroll taxes, $213,394,000 annual revenues
Texas 861 rent-to-own stores, 5166 employees, $180,810,000 annual wages, $27,664,000 annual payroll taxes, $633,560,000 annual revenues
Utah 49 rent-to-own stores, 294 employees, $10,290,000 annual wages, $1,574,000 annual payroll taxes, $36,000,000 annual revenues
Vermont 18 rent-to-own stores, 108employees, $3,780,000 annual wages, $578,000 annual payroll taxes, $13,245,000 annual revenues
Virginia 221 rent-to-own stores, 1326 employees, $46,410,000 annual wages, $7,100,000 annual payroll taxes, $162,621,000 annual revenues
Washington 119 rent-to-own stores, 714 employees, $24,990,000 annual wages, $3,823,000 annual payroll taxes, $87,565,000 annual revenues
West Virginia 55 rent-to-own stores, 330 employees, $11,550,000 annual wages, $1,767,000 annual payroll taxes, $40,471,000 annual revenues
Wisconsin 34 rent-to-own stores, 204 employees, $7,140,000 annual wages, $1,092,000 annual payroll taxes, $25,019,000 annual revenues
Wyoming 28 rent-to-own stores, 168 employees, $5,880,000 annual wages, $900,000 annual payroll taxes, $20,603,000 annual revenues
These numbers were calculated based on results from APRO’s 2010 Rent-to-Own Industry Statistical Survey and APRO's database. The average store grosses $736,000 annually with 50,000 workers nationally earning an average of $35,000 a year in wages. Payroll taxes are multiplied by yearly salary to number of employees to the 15.3% percentage generated. | ||
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2012 APRO Dave Egan
Legislative Conference
April 17-19, Washington, D.C.
Mark your calendars!
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RTOHQ: The Magazine
RTOHQ: The Magazine is the Association of Progressive Rental Organizations' award-winning rent-to-own industry magazine, and it's available here. | |||
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CLICK HERE FOR OUR DIGITAL RTOHQ: THE MAGAZINE
RTOHQ: The Magazine’s upgraded digital format APRO's new, mobile-ready magazine is now available in addition to our print edition. The digital format provides the same informative content as our printed magazine, but also offers tools to make the reading experience more enriching. Access the table of contents page with one click or tap. Get additional information from advertisers by clicking on the links in their ads. The interface is easy to navigate and requires no special app—read our magazine on your computer, digital table or smartphone. Click here to access the digital version of RTOHQ: The Magazine November-December 2011.
Marketing Matters This year marks the launch of a marketing campaign initiated by APRO to build the rent-to-own customer base. It will be a multi-year endeavor employing multiple strategies. In this and upcoming issues of our magazine, we will address the many facets of marketing that affect our industry.
Striving for an A with the BBB by William E. Freeland Consumers often refer to the Better Business Bureau's ratings to help them make rental and purchasing decisions. National Rent-to-Own's human resource manager outlines the steps every RTO company should pursue to help earn an A+ from the BBB.
Creating an Extraordinary Customer Experience by Bill Keese Apple does it. Southwest Airlines does it. Can the rent-to-own industry also garner a national reputation for exceptional service and, in the process, attract new customers?
BB and BBQ on Beale Street Memphis' reputation for tremendous food, groundbreaking music and Southern charm is well deserved. It's not too early to start planning your trip there next July for APRO's 2012 Rent-to-Own Convention and Trade Show.
Card Talk by Ed Winn III Credit and debit card payments are on the rise in rent-to-own. So are the risks in keeping such transactions secure.
Rent-to-Own Families, Part VI by Kristen Card No, you're not seeing double, or are you? Our latest profiles of kindred colleagues include two sets of twins-the Botkins and the Kimbles. And in Kansas, a son and daughter help their dad keep business running Strong.
Future issues of APRO's magazine will be available in this same new format. Click here to access past issues that are not yet archived in the new interface.
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Association of Progressive Rental Organizations 1504 Robin Hood Trail Austin, Texas 78703 800/204-2776, ext. 103 Fax 512/794-0097 |