New Mexico Electricity Cost Calculator

New Mexico homes pay about $127.08 a month for electricity at the state average of 14.12 ¢/kWh. The tables below price common monthly usage levels at the New Mexico rate — for a different state or the U.S. average, use the national calculator linked below.

New Mexico average rate
14.12 ¢/kWh
900 kWh in New Mexico
$127.08
U.S. benchmark rate
18.44 ¢/kWh
Difference vs U.S. (900 kWh)
-$38.88

Key metrics

MetricValue
New Mexico average rate14.12 ¢/kWh
900 kWh in New Mexico$127.08
U.S. benchmark rate18.44 ¢/kWh
Difference vs U.S. (900 kWh)-$38.88

New Mexico monthly bill context

New Mexico rate
14.12 ¢/kWh
U.S. average rate
18.44 ¢/kWh
900 kWh in New Mexico
$127.08
Average bill benchmark (900 kWh)
$127.08

New Mexico electricity cost by monthly usage

Monthly usageEstimated monthly cost in New MexicoEstimated annual cost in New MexicoNew Mexico detail page
500 kWh$70.60$847.20500 kWh in New Mexico
1,000 kWh$141.20$1694.401,000 kWh in New Mexico
1,500 kWh$211.80$2541.601,500 kWh in New Mexico
2,000 kWh$282.40$3388.802,000 kWh in New Mexico

How to read these New Mexico estimates

Every figure above is priced at the New Mexico average rate. If you don't live in New Mexico, the electricity cost calculator covers any state or the U.S. average, and lets you enter any kWh amount. For a like-for-like comparison across states, the average-bill page holds every state at 900 kWh.

For statewide rates and the full breakdown, see New Mexico electricity rates.

New Mexico rates have risen 7.2% over the past five years. The year-by-year record, with the change for each year, is on New Mexico electricity price history: up 7.2% in 5 years.

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See your exact bill in New Mexico

Set your own usage to match your home — fees included. Then see savings options for New Mexico.

Calculate your New Mexico billNew Mexico ways to save

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Know when New Mexico rates change

New Mexico rates move with each monthly EIA update. Get an email when electricity costs in New Mexico gets cheaper — or more expensive.

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New Mexico appliance calculator pages

State cost and bill pathways for New Mexico

Historical and trend pages

Fixed-usage and calculator pathways

Appliance and estimator pathways

State comparison pathways for New Mexico

Discovery and navigation hubs

Consumer electricity drivers

Source & Method

Source: U.S. Energy Information Administration (EIA) Retail Sales of Electricity. Updated: May 2026. Estimates use the EIA all-in average residential rate — energy, delivery, fixed charges, and utility fees together, not just the electricity itself. Fees are inside the rate, not an extra on top; how your own bill splits fixed versus per-kWh charges varies by utility. For what's inside the all-in rate, see hidden electricity fees; for how rates and estimates are defined, see the methodology hub.

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