State RTO Associations

State RTO Associations - Rent-to-Own's State Economic Impact and Statutes



APRO calculates the key economic indicators for each state according to APRO’s database and the annual industry survey conducted by statistical research firm Industry Insights. APRO has been the leader in defining the rent-to-own industry statistically for the past decade and continues to refine and build the rent-to-own statistical story for Wall Street, financial analysts, bankers, the media, legislators and industry newcomers.

 

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
Click here to download state RTO statutes

 

Alaska

15 rent-to-own stores, 90 employees, $3,150,000 annual wages, $481,950 annual payroll taxes, $11,037,615 annual revenues
Click here to download state RTO statutes

 

Arizona

128 rent-to-own stores, 768 employees, $26,880,000 annual wages, $4,112,640 annual payroll taxes, $94,187,648 annual revenues
Click here to download state RTO statutes

 

Arkansas
174 rent-to-own stores, 1044 employees, $36,540,000 annual wages, $5,590,620 annual payroll taxes, $128,036,334 annual revenues
Click here to download state RTO statutes

 

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 state RTO statutes

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
Click here to download state RTO statutes

 

Connecticut

69 rent-to-own stores, 414 employees, $14,490,000 annual wages, $2,216,970 annual payroll taxes, $50,773,029 annual revenues
Click here to download state RTO statutes

 

Delaware

31 rent-to-own stores, 186 employees, $6,510,000 annual wages, $996,030 annual payroll taxes, $22,811,071 annual revenues
Click here to download state RTO statutes

 

Florida

522 rent-to-own stores, 3132 employees, $109,620,000 annual wages, $16,771,860 annual payroll taxes, $384,109,002 annual revenues
Click here to download state RTO statutes

 

Georgia

316 rent-to-own stores, 1896 employees, $66,360,000 annual wages, $10,153,080 annual payroll taxes, $232,525,756 annual revenues
Click here to download state RTO statutes

 

Hawaii

19 rent-to-own stores, 114 employees, $3,990,000 annual wages, $610,470 annual payroll taxes, $13,980,979 annual revenues
Click here to download state RTO statutes

 

Idaho

24 rent-to-own stores, 144 employees, $5,040,000 annual wages, $771,120 annual payroll taxes, $17,660,184 annual revenues
Click here to download state RTO statutes

 

Illinois

236 rent-to-own stores, 1416 employees, $49,560,000 annual wages, $7,582,680 annual payroll taxes, $173,658,476 annual revenues
Click here to download state RTO statutes

 

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
Click here to download state RTO statutes

 

Kansas

134 rent-to-own stores, 804 employees, $28,140,000 annual wages, $4,305,420 annual payroll taxes, $98,602,694 annual revenues
Click here to download state RTO statutes

 

Kentucky

214 rent-to-own stores, 1284 employees, $44,940,000 annual wages, $6,875,820 annual payroll taxes, $157,469,974 annual revenues
Click here to download state RTO statutes

 

Louisiana

236 rent-to-own stores, 1416 employees, $49,560,000 annual wages, $7,582,680 annual payroll taxes, $173,658,476 annual revenues
Click here to download state RTO statutes

 

Maine

48 rent-to-own stores, 288 employees, $10,080,000 annual wages, $1,542,240 annual payroll taxes, $35,320,368 annual revenues
Click here to download state RTO statutes

 

Maryland

88 rent-to-own stores, 528 employees, $18,480,000 annual wages, $2,827,440 annual payroll taxes, $64,754,008 annual revenues
Click here to download state RTO statutes

 

Massachusetts

84 rent-to-own stores, 504 employees, $17,640,000 annual wages, $2,698,920 annual payroll taxes, $61,810,644 annual revenues
Click here to download state RTO statutes

 

Michigan

210 rent-to-own stores, 1260 employees, $44,100,000 annual wages, $6,747,300 annual payroll taxes, $154,526,610 annual revenues
Click here to download state RTO statutes

 

Minnesota

9 rent-to-own stores, 54 employees, $1,890,000 annual wages, $289,170 annual payroll taxes, $6,622,569 annual revenues
Click here to download state RTO statutes

 

Mississippi

170 rent-to-own stores, 1020 employees, $35,700,000 annual wages, $5,462,100 annual payroll taxes, $125,092,970 annual revenues
Click here to download state RTO statutes

 

Missouri

260 rent-to-own stores, 1560 employees, $54,600,000 annual wages, $8,353,800 annual payroll taxes, $191,318,660 annual revenues
Click here to download state RTO statutes

 

Montana

16 rent-to-own stores, 96 employees, $3,360,000 annual wages, $514,080 annual payroll taxes, $11,773,456 annual revenues
Click here to download state RTO statutes

 

Nebraska

57 rent-to-own stores, 342 employees, $11,970,000 annual wages, $1,831,410 annual payroll taxes, $41,942,937 annual revenues
Click here to download state RTO statutes

 

Nevada

33 rent-to-own stores, 198 employees, $6,930,000 annual wages, $1,060,290 annual payroll taxes, $24,282,753 annual revenues
Click here to download state RTO statutes

 

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
Click here to download state RTO statutes

 

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
There are no state RTO statutes in New Jersey.

 

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
Click here to download state RTO statutes

 

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
Click here to download state RTO statutes

 

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
There are no state RTO statutes in North Carolina.

 

North Dakota

14 rent-to-own stores, 84 employees, $2,940,000 annual wages, $450,000 annual payroll taxes, $10,300,000 annual revenues
Click here to download state RTO statutes

 

Ohio

388 rent-to-own stores, 2328 employees, $81,480,000 annual wages, $12,466,000 annual payroll taxes, $285,500,000 annual revenues
Click here to download state RTO statutes

 

Oklahoma

152 rent-to-own stores, 912 employees, $31,920,000 annual wages, $4,884,000 annual payroll taxes, $111,848,000 annual revenues
Click here to download state RTO statutes

 

Oregon

59 rent-to-own stores, 354 employees, $12,390,000 annual wages, $1,896,000 annual payroll taxes, $43,415,000 annual revenues
Click here to download state RTO statutes

 

Pennsylvania

250 rent-to-own stores, 1500 employees, $52,500,000 annual wages, $8,100,000 annual payroll taxes, $183,960,000 annual revenues
Click here to download state RTO statutes

 

Rhode Island

24 rent-to-own stores, 144 employees, $5,040,000 annual wages, $771,000 annual payroll taxes, $17,660,000 annual revenues
Click here to download state RTO statutes

 

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
Click here to download state RTO statutes

 

South Dakota

19 rent-to-own stores, 114employees, $3,990,000 annual wages, $610,000 annual payroll taxes, $13,980,000 annual revenues
Click here to download state RTO statutes

 

Tennessee

290 rent-to-own stores, 1740 employees, $60,900,000 annual wages, $9,318,000 annual payroll taxes, $213,394,000 annual revenues
Click here to download state RTO statutes

 

Texas

861 rent-to-own stores, 5166 employees, $180,810,000 annual wages, $27,664,000 annual payroll taxes, $633,560,000 annual revenues
Click here to download state RTO statutes

 

Utah

49 rent-to-own stores, 294 employees, $10,290,000 annual wages, $1,574,000 annual payroll taxes, $36,000,000 annual revenues
Click here to download state RTO statutes

 

Vermont

18 rent-to-own stores, 108employees, $3,780,000 annual wages, $578,000 annual payroll taxes, $13,245,000 annual revenues
Click here to download state RTO statutes

 

Virginia

221 rent-to-own stores, 1326 employees, $46,410,000 annual wages, $7,100,000 annual payroll taxes, $162,621,000 annual revenues
Click here to download state RTO statutes

 

Washington

119 rent-to-own stores, 714 employees, $24,990,000 annual wages, $3,823,000 annual payroll taxes, $87,565,000 annual revenues
Click here to download state RTO statutes

 

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
Click here to download state RTO statutes

 

Wisconsin

34 rent-to-own stores, 204 employees, $7,140,000 annual wages, $1,092,000 annual payroll taxes, $25,019,000 annual revenues
There are no state RTO statutes in Wisconsin.

 

Wyoming

28 rent-to-own stores, 168 employees, $5,880,000 annual wages, $900,000 annual payroll taxes, $20,603,000 annual revenues
Click here to download state RTO statutes

 

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.





2012 APRO Dave Egan
Legislative Conference

April 17-19, Washington, D.C.
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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.

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.

 

Association of Progressive Rental Organizations
1504 Robin Hood Trail
Austin, Texas 78703
800/204-2776, ext. 103
Fax 512/794-0097