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

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

 

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

288 rent-to-own stores, 1728 employees, $60,480,000 annual wages, $9,253,440 annual payroll taxes, $211,922,208 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

529 rent-to-own stores, 3174 employees, $111,090,000 annual wages, $16,996,770 annual payroll taxes, $389,259,889 annual revenues
Click here to download state RTO statutes

 

Georgia

320 rent-to-own stores, 1920 employees, $67,200,000 annual wages, $10,281,600 annual payroll taxes, $235,469,120 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

237 rent-to-own stores, 1422 employees, $49,770,000 annual wages, $7,614,810 annual payroll taxes, $174,394,317 annual revenues
Click here to download state RTO statutes

 

Indiana

256 rent-to-own stores, 1536 employees, $53,760,000 annual wages, $8,225,280 annual payroll taxes, $188,375,296 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

137 rent-to-own stores, 822 employees, $28,770,000 annual wages, $4,401,810 annual payroll taxes, $100,810,217 annual revenues
Click here to download state RTO statutes

 

Kentucky

215 rent-to-own stores, 1290 employees, $45,150,000 annual wages, $6,907,950 annual payroll taxes, $158,205,815 annual revenues
Click here to download state RTO statutes

 

Louisiana

238 rent-to-own stores, 1428 employees, $49,980,000 annual wages, $7,646,940 annual payroll taxes, $175,130,158 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

102 rent-to-own stores, 612 employees, $21,420,000 annual wages, $3,277,260 annual payroll taxes, $75,055,782 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

213 rent-to-own stores, 1278 employees, $44,730,000 annual wages, $6,843,690 annual payroll taxes, $156,734,133 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

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

 

Missouri

265 rent-to-own stores, 1590 employees, $55,650,000 annual wages, $8,514,450 annual payroll taxes, $194,997,865 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

76 rent-to-own stores, 456 employees, $15,960,000 annual wages, $2,441,880 annual payroll taxes, $55,923,916 annual revenues
Click here to download state RTO statutes

 

New York

282 rent-to-own stores, 1692 employees, $59,220,000 annual wages, $9,060,660 annual payroll taxes, $207,507,162 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

398 rent-to-own stores, 2388 employees, $83,580,000 annual wages, $12,787,740 annual payroll taxes, $292,864,718 annual revenues
Click here to download state RTO statutes

 

Oklahoma

156 rent-to-own stores, 936 employees, $32,760,000 annual wages, $5,012,280 annual payroll taxes, $114,791,196 annual revenues
Click here to download state RTO statutes

 

Oregon

51 rent-to-own stores, 306 employees, $10,710,000 annual wages, $1,638,630 annual payroll taxes, $37,527,891 annual revenues
Click here to download state RTO statutes

 

Pennsylvania

255 rent-to-own stores, 1530 employees, $53,550,000 annual wages, $8,193,150 annual payroll taxes, $187,639,455 annual revenues
Click here to download state RTO statutes

 

Rhode Island

23 rent-to-own stores, 138 employees, $4,830,000 annual wages, $738,990 annual payroll taxes, $16,924,343 annual revenues
Click here to download state RTO statutes

 

South Carolina

199 rent-to-own stores, 1194 employees, $41,790,000 annual wages, $6,393,870 annual payroll taxes, $146,432,359 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

312 rent-to-own stores, 1872 employees, $65,520,000 annual wages, $10,024,560 annual payroll taxes, $229,582,392 annual revenues
Click here to download state RTO statutes

 

Texas

873 rent-to-own stores, 5238 employees, $183,330,000 annual wages, $28,049,490 annual payroll taxes, $642,389,193 annual revenues
Click here to download state RTO statutes

 

Utah

40 rent-to-own stores, 240 employees, $8,400,000 annual wages, $1,285,200 annual payroll taxes, $29,433,640 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

227 rent-to-own stores, 1362 employees, $47,670,000 annual wages, $7,293,510 annual payroll taxes, $167,035,907 annual revenues
Click here to download state RTO statutes

 

Washington

118 rent-to-own stores, 708 employees, $24,780,000 annual wages, $3,791,340 annual payroll taxes, $86,829,238 annual revenues
Click here to download state RTO statutes

 

West Virginia

53 rent-to-own stores, 318 employees, $11,130,000 annual wages, $1,702,890 annual payroll taxes, $38,999,573 annual revenues
Click here to download state RTO statutes

 

Wisconsin

35 rent-to-own stores, 210 employees, $7,350,000 annual wages, $1,124,550 annual payroll taxes, $25,754,435 annual revenues
There are no state RTO statutes in Wisconsin.

 

Wyoming

27 rent-to-own stores, 162 employees, $5,670,000 annual wages, $867,510 annual payroll taxes, $19,867,707 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 Convention and Trade Show

July 24-26, Memphis, TN

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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 March-April 2012.

 

 

A New Rent-to-Own Experience

by Neil Ferguson

Here’s the lowdown on APRO’s 2012 Convention and Trade Show, July 24-26 in Memphis. The RTO industry’s big event will offer many valuable experiences, including insights on how to turn your stores into “experiences”–the good kind for consumers

 

Who Is Your Competition?

by Bill Keese

In order to expand your customer base, you can learn a lot by observing your competitors. But first, you need to figure out just who they are. If you think your only competition is the rent-to-own store down the street, you’re not considering the bigger picture. APRO’s executive director offers a big-picture perspective.

 

A Review of Online Customer Complaints

by Ed Winn III

While rent-to-own companies have not cornered the market on negative reviews posted on consumer complaint websites, it’s no surprise that there are cyberspace beefs against RTO. APRO’s general counsel reviews some of them in search of a pattern and he considers appropriate response to online complaints.

 

Rent-to-Own Families, Part VIII

by Kristen Card

Our series of family-run rent-to-own businesses continues with profiles of the Homeiers in Kansas and two Texas-based sets of kindred colleagues, the Spangles and the Weisblatts.

 

 

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