Youngstown at a glance
- Population: roughly 1,834 people; 317th of 595 places in New York (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,863 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: about 1.6% lower than the 2020 Census base (US Census Bureau).
- Rank among New York places: 317th of the state's 595 Census places (US Census Bureau).
- Size percentile: roughly 47% of places in New York rank below it by population (US Census Bureau).
- Coordinates: 43.2496 latitude, -79.0422 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Lewiston, NY (5 mi); Niagara Falls, NY (11 mi); North Tonawanda, NY (16 mi); Tonawanda, NY (18 mi); Lockport, NY (18 mi) (US Census Bureau).
- Nearest smaller places: Wilson, NY (12 mi); Barker, NY (25 mi); Middleport, NY (29 mi) (US Census Bureau estimates).
What a personal loan costs in Youngstown
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
New York lending rules that apply in Youngstown
The table lists the New York rules that apply to a loan made in Youngstown, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| Criminal usury in the second degree (Penal Law 190.40) | Interest rate exceeding 25% per annum; class E felony Source says: "at a rate exceeding twenty-five per centum per annum or the equivalent rate for a longer or shorter period" | New York State Senate (Open Legislation) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 16% per annum maximum civil rate (Banking Law 14-a; General Obligations Law 5-501) Source says: "The maximum rate of interest provided for in section 5-501 of the general obligations law shall be sixteen per centum per annum." | New York State Senate (Open Legislation) as of 2026-09-16 |
| Payday lending status | Illegal in New York State, in person, by telephone, or over the Internet Source says: "Payday loans are illegal in New York State." | New York State Department of Financial Services as of 2026-09-16 |
| Small-loan / installment lender licensing | Licensed Lender license required (Banking Law Article 9, sections 340-361); administered via NMLS Source says: "The Department of Financial Services uses the Nationwide Multistate Licensing System and Registry (NMLS) to manage the Licensed Lender License." | New York State Department of Financial Services as of 2026-09-16 |
| State lending regulator | New York State Department of Financial Services (DFS) Source says: "Notify the Department of Financial Services at (800) 342-3736 if you believe payday loans are being made in New York" | New York State Department of Financial Services as of 2026-09-16 |
How to compare offers in Youngstown
A few practical steps will make the process in Youngstown less costly:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in New York using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.