What is the average electricity cost in New Mexico?

The average residential electricity rate in New Mexico is 15.15 cents per kWh. At 900 kWh per month, that translates to an estimated monthly cost of $136.35.

Is electricity in New Mexico cheaper than the national average?

Electricity in New Mexico costs about $37.53 less per month than the U.S. national average when using 900 kWh.

How much does 900 kWh cost in New Mexico?

At the average rate of 15.15¢/kWh, 900 kWh costs approximately $136.35 per month, or about $1636.20 per year.

Electricity Cost in New Mexico

The average residential electricity rate in New Mexico is 15.15¢ per kWh. At 900 kWh/month, that works out to about $136 per month or $1636 per year.

Rates from EIA data · 900 kWh standard usage benchmark

Average rate

15.15 ¢/kWh

Est. monthly (900 kWh)

$136.35

Est. annual (10,800 kWh)

$1636.20

vs national (monthly)

$-37.53

National avg: 19.32¢/kWh

How New Mexico Compares

State rate

15.15 ¢/kWh

National average

19.32 ¢/kWh

Difference

-21.6%

Key Insights

Electricity in New Mexico costs 22% less than the national average.
New Mexico ranks #35 among U.S. states for electricity prices.
New Mexico has a value score of 92, indicating strong affordability and freshness.
New Mexico shows a rising electricity price trend based on recent historical data.

More Data & Comparisons

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Frequently Asked Questions

What is the average electricity cost in New Mexico?: The average residential electricity rate in New Mexico is 15.15 cents per kWh. At 900 kWh per month, that translates to an estimated monthly cost of $136.35.
Is electricity in New Mexico cheaper than the national average?: Electricity in New Mexico costs about $37.53 less per month than the U.S. national average when using 900 kWh.
How much does 900 kWh cost in New Mexico?: At the average rate of 15.15¢/kWh, 900 kWh costs approximately $136.35 per month, or about $1636.20 per year.