Electricity Cost in New Mexico
This page summarizes average residential electricity rates and estimated costs for New Mexico. All figures are based on EIA data and use a standard 900 kWh monthly usage for cost estimates.
Average rate
15.29 ¢/kWh
Est. monthly (900 kWh)
$137.61
Est. annual (10,800 kWh)
$1651.32
vs national (monthly)
$-20.52
National avg: 17.57¢/kWh
How New Mexico Compares
State rate
15.29 ¢/kWh
National average
17.57 ¢/kWh
Difference
-13.0%
Category
lower than national average
Key Insights
- Electricity in New Mexico costs 13% less than the national average.
- New Mexico ranks #26 among U.S. states for electricity prices.
- New Mexico shows a rising electricity price trend based on recent historical data.
More Data & Comparisons
- See electricity cost-of-living analysis in New Mexico
- Moving to New Mexico? See estimated electricity costs.
- See electricity price history in New Mexico
- Need usage-based estimates? Try the electricity cost calculator for New Mexico.
- Interested in backup power? See battery recharge cost in New Mexico.
- Compare battery recharge cost with generator operating cost in New Mexico.
- Average electricity bill in New Mexico — Estimated monthly and annual bills
- Full New Mexico knowledge page — Rates, value score, affordability, trends
- West region — Compare with neighboring states
- Rate rankings (high to low)
- Rate rankings (low to high)
- How much does 500 kWh cost? · 1000 kWh · 2000 kWh — Fixed electricity cost examples
- Compare electricity prices between states — See state-to-state electricity comparisons
- New Mexico vs FloridaNew Mexico vs TexasNew Mexico vs Ohio
Related electricity pages
Frequently Asked Questions
- What is the average electricity cost in New Mexico?
- The average residential electricity rate in New Mexico is 15.29 cents per kWh. At 900 kWh per month, that translates to an estimated monthly cost of $137.61.
- Is electricity in New Mexico cheaper than the national average?
- Electricity in New Mexico costs about $20.52 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 15.29¢/kWh, 900 kWh costs approximately $137.61 per month, or about $1651.32 per year.