How much more expensive is electricity in New Mexico?

At 900 kWh/month, electricity in New Mexico costs about $9.54 more per month than in Florida—roughly 6.6% higher.

Why do electricity prices vary between states?

Electricity prices vary due to generation mix (coal, gas, nuclear, renewables), transmission costs, regulations, taxes, and demand. States with more hydropower or natural gas often have lower rates; those relying on imported power or with higher renewable mandates may have higher rates.

Electricity Cost: Florida vs New Mexico

Electricity costs about 7% more in New Mexico than in Florida. A typical monthly bill runs about $135 in Florida vs $145 in New Mexico.

Based on average residential rates from EIA data · 900 kWh of monthly use

Florida rate

15.03 ¢/kWh

New Mexico rate

16.09 ¢/kWh

Florida 900 kWh bill

$135.27

New Mexico 900 kWh bill

$144.81

Is electricity cheaper in Florida or New Mexico?

State	Electricity rate	Estimated monthly bill
Florida	15.03 ¢/kWh	$135.27
New Mexico	16.09 ¢/kWh	$144.81

What the difference adds up to

At a typical 900 kWh a month, a household in New Mexico pays about $9.54 more than one in Florida — about 7% higher, or roughly $114 a year for the same electricity.

Monthly Bill Comparison

Florida vs New Mexico

Frequently Asked Questions

Is electricity cheaper in Florida or New Mexico?: Florida has cheaper electricity. At 900 kWh/month, the estimated bill is $135.27 in Florida vs $144.81 in New Mexico—about 6.6% less.
How much more expensive is electricity in New Mexico?: At 900 kWh/month, electricity in New Mexico costs about $9.54 more per month than in Florida—roughly 6.6% higher.
Why do electricity prices vary between states?: Electricity prices vary due to generation mix (coal, gas, nuclear, renewables), transmission costs, regulations, taxes, and demand. States with more hydropower or natural gas often have lower rates; those relying on imported power or with higher renewable mandates may have higher rates.