State rankings
Usury Laws by State
New Mexico has the highest Legal Interest Rate (15.0%), followed by South Dakota (15.0%) and Florida (12.0%). Delaware has the lowest (5%).
Legal Interest RateBetter directionWhether a higher or a lower value is better. A green arrow means higher is better, a red arrow means lower is better, and no arrow means neither.More in the glossary →
49 of 51 statesLegal Interest Rate
Darker means higher. Click a place to highlight it.
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All 49 ranked
Highest first.
Distribution Median and middle halfThe median is the middle value: half of places are above it, half below. The middle half is the range holding the central 50% of places.More in the glossary →
Each dot is one state; the lines mark the median and the middle half.
Median
8%
Middle half 6% – 10.0%
Average
8.5%
49 states
Highest
15.0%
New Mexico
Lowest
5%
Delaware
Data
Click a column to sort, a row to highlight that place on the charts.
51 states · # = rank by Legal Interest Rate
| # | ||||
|---|---|---|---|---|
| 1 |  New Mexico | 15.0% | — | — |
| 1 |  South Dakota | 15.0% | — | 12 |
| 3 |  Florida | 12.0% | 18 | — |
| 3 |  Washington | 12.0% | variable | variable |
| 3 |  Nevada | 12.0% | — | — |
| 3 |  Idaho | 12.0% | — | — |
| 3 |  Rhode Island | 12.0% | variable | 12 |
| 3 |  Vermont | 12.0% | 12 | 12 |
| 9 |  Alaska | 10.5% | 5 | — |
| 10 |  California | 10.0% | 5 | — |
| 10 |  Arizona | 10.0% | — | — |
| 10 |  Tennessee | 10.0% | variable | 10 |
| 10 |  Indiana | 10.0% | — | 10 |
| 10 |  Utah | 10.0% | — | 12 |
| 10 |  Iowa | 10.0% | — | — |
| 10 |  Kansas | 10.0% | 15 | — |
| 10 |  Hawaii | 10.0% | — | — |
| 10 |  New Hampshire | 10.0% | — | — |
| 10 |  Montana | 10.0% | variable | 10 |
| 10 |  Wyoming | 10.0% | — | 10 |
| 21 |  New York | 9% | 16 | — |
| 21 |  Missouri | 9% | — | 9 |
| 21 |  Oregon | 9% | variable | — |
| 24 |  South Carolina | 8.8% | — | 14 |
| 25 |  North Carolina | 8% | 8 | — |
| 25 |  Virginia | 8% | — | 8 |
| 25 |  Colorado | 8% | 45 | — |
| 25 |  Kentucky | 8% | variable | — |
| 25 |  Connecticut | 8% | 12 | — |
| 30 |  Georgia | 7% | — | — |
| 30 |  Louisiana | 7% | 12 | — |
| 32 |  Texas | 6% | — | 18 |
| 32 |  Pennsylvania | 6% | 6 | — |
| 32 |  New Jersey | 6% | variable | — |
| 32 |  Massachusetts | 6% | 20 | variable |
| 32 |  Maryland | 6% | 24 | 10 |
| 32 |  Minnesota | 6% | 8 | — |
| 32 |  Alabama | 6% | 8 | 12 |
| 32 |  Oklahoma | 6% | — | — |
| 32 |  Arkansas | 6% | variable | variable |
| 32 |  Nebraska | 6% | 16 | 1 |
| 32 |  West Virginia | 6% | — | — |
| 32 |  Maine | 6% | — | — |
| 32 |  North Dakota | 6% | 5.5 | 12 |
| 32 |  District of Columbia | 6% | 24.01 | — |
| 46 |  Illinois | 5% | 9 | 9 |
| 46 |  Michigan | 5% | 7 | variable |
| 46 |  Wisconsin | 5% | — | variable |
| 46 |  Delaware | 5% | — | — |
| — |  Ohio | — | 8 | — |
| — |  Mississippi | — | variable | 9 |
What correlates with Legal Interest Rate?
Pearson r against 2,094 other state metrics sharing at least 30 states. Ranks are read by standing: a better rank counts as higher, whether rank 1 is the best place on a list or the worst. Correlation is not causation.
Higher together
Places that have a higher Legal Interest Rate tend to score higher on these (or rank better)
Opposite directions
Places that have a higher Legal Interest Rate tend to score lower on these (or rank worse)
Quick answers
- Which state has the highest Legal Interest Rate?
- New Mexico has the highest Legal Interest Rate, at 15.0%, followed by South Dakota (15.0%) and Florida (12.0%).
- Which state has the lowest Legal Interest Rate?
- Delaware has the lowest Legal Interest Rate, at 5%.
- What is the median Legal Interest Rate across US states?
- The median is 8% across the 49 US states with data.
- Where does this usury laws by state data come from?
- Rankodex compiles it from World Population Review and the primary sources it cites: Understanding State Usury Laws and Interest Rate Limits - Upcounsel.