Which state has cheaper electricity: Florida or New Mexico?

New Mexico has cheaper electricity. At 900 kWh/month, the estimated bill is $132.30 in New Mexico vs $143.28 in Florida—about 8.3% less.

How much more expensive is electricity in Florida?

At 900 kWh/month, electricity in Florida costs about $10.98 more per month than in New Mexico—roughly 8.3% 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 in Florida costs approximately 8% more than in New Mexico based on typical household electricity use. Florida averages 15.92¢/kWh and New Mexico averages 14.70¢/kWh, putting a typical 900 kWh monthly bill at $143 vs $132.

Based on average residential rates from EIA data · 900 kWh standard usage benchmark

Florida rate

15.92 ¢/kWh

New Mexico rate

14.70 ¢/kWh

Florida 900 kWh bill

$143.28

New Mexico 900 kWh bill

$132.30

Comparison

State	Electricity rate	Estimated monthly bill
Florida	15.92 ¢/kWh	$143.28
New Mexico	14.70 ¢/kWh	$132.30

Difference Summary

Electricity in Florida costs approximately 8% more than in New Mexico based on typical household electricity use.

Difference: +$10.98 (+8.3%) at 900 kWh/month

Monthly Bill Comparison

Florida vs New Mexico

Frequently Asked Questions

Which state has cheaper electricity: Florida or New Mexico?: New Mexico has cheaper electricity. At 900 kWh/month, the estimated bill is $132.30 in New Mexico vs $143.28 in Florida—about 8.3% less.
How much more expensive is electricity in Florida?: At 900 kWh/month, electricity in Florida costs about $10.98 more per month than in New Mexico—roughly 8.3% 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.