The highest effective rates among metro areas with a population of at least 1 million in 2023 were in Chicago, IL (1.84 percent); Rochester, NY (1.77 percent); Hartford, CT (1.76 percent); Cleveland, OH(1.66 percent) and Columbus, OH (1.45 percent).
The lowest effective rates in 2023 were in Daphne-Fairhope, AL (0.27 percent); Salisbury, MD (0.30 percent); Honolulu, HI (0.31 percent); Knoxville, TN(0.32 percent) and Tuscaloosa, AL (0.32 percent).
Aside from Honolulu, the lowest rates among metro areas with a population of at least 1 million in 2023 were in Phoenix, AZ (0.38 percent); Nashville, TN (0.45 percent); Las Vegas, NV (0.48 percent) and Salt Lake City, UT (0.49 percent).