elizabeth116 is not a problem. 123 is kind of high.
Actually, in much of the US, 123VAC is nominal voltage. 116VAC would be at the very low end of spec.
I think it means that there is not much ’load’ on your local transformer with it at 123 volts.
It’s not that simple, because AC is delivered at relatively high voltages - typically more than 4kV. If your voltage sags substantially under realistic loads, you've got a problem and should request a "best of burden" test from your electric utility.
110 or lower is kind of low.
That’s below spec - or what they call "tariff" - in most states.