Utility Costs in New Mexico (NM)
New Mexico residents pay an average of $0.1508/kWh per kWh for electricity, which is 0% below the national average.
Energy Cost Details for New Mexico
How New Mexico Compares
New Mexico utility costs compared to five states with similar energy profiles.
| State | Electric Rate | Avg Monthly Bill | Usage (kWh) | vs National |
|---|---|---|---|---|
| New Mexico (NM) | $0.1508/kWh | N/A | 650 | — |
| New Jersey (NJ) | $0.2263/kWh | N/A | 656 | — |
| Wisconsin (WI) | $0.1816/kWh | N/A | 660 | — |
| District of Columbia (DC) | $0.2194/kWh | N/A | 636 | — |
| New Hampshire (NH) | $0.2456/kWh | N/A | 634 | — |
| Michigan (MI) | $0.2001/kWh | N/A | 632 | — |
Frequently Asked Questions About Utility Costs in New Mexico
What is the average electricity rate in New Mexico?
The average residential electricity rate in New Mexico is $0.1508/kWh per kWh, which is 0% below the national average. Based on EIA data (latest).
How much does the average household spend on electricity in New Mexico?
Monthly electricity costs in New Mexico depend on usage, home size, and local rates.
Is electricity expensive in New Mexico compared to other states?
New Mexico ranks #32 out of 51 states for utility costs. Electricity costs are close to the national average.
How many residential electricity customers are in New Mexico?
Contact your state's public utility commission for customer statistics.
Compare Utility Costs Across the Country
Use our utility cost lookup tool to find costs for your specific area, or browse all states to compare utility costs across the country.