How much more expensive is electricity in Florida?

At 900 kWh/month, electricity in Florida costs about $2.07 more per month than in New Mexico—roughly 1.5% 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 2% more in Florida than in New Mexico. A typical monthly bill runs about $138 in Florida vs $136 in New Mexico.

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

Florida rate

15.38 ¢/kWh

New Mexico rate

15.15 ¢/kWh

Florida 900 kWh bill

$138.42

New Mexico 900 kWh bill

$136.35

Is electricity cheaper in Florida or New Mexico?

State	Electricity rate	Estimated monthly bill
Florida	15.38 ¢/kWh	$138.42
New Mexico	15.15 ¢/kWh	$136.35

What the difference adds up to

At a typical 900 kWh a month, a household in Florida pays about $2.07 more than one in New Mexico — about 2% higher, or roughly $25 a year for the same electricity.

Monthly Bill Comparison

Florida vs New Mexico

Frequently Asked Questions

Is electricity cheaper in Florida or New Mexico?: New Mexico has cheaper electricity. At 900 kWh/month, the estimated bill is $136.35 in New Mexico vs $138.42 in Florida—about 1.5% less.
How much more expensive is electricity in Florida?: At 900 kWh/month, electricity in Florida costs about $2.07 more per month than in New Mexico—roughly 1.5% 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.