Electricity Cost in New Mexico
The average residential electricity rate in New Mexico is 14.12¢ per kWh. At 900 kWh/month, that works out to about $127 per month or $1525 per year.
Rates from EIA data · 900 kWh standard usage benchmark
Average rate
14.12 ¢/kWh
Est. monthly (900 kWh)
$127.08
Est. annual (10,800 kWh)
$1524.96
vs national (monthly)
$-38.88
National avg: 18.44¢/kWh
How New Mexico Compares
State rate
14.12 ¢/kWh
National average
18.44 ¢/kWh
Difference
-23.4%
Category
lower than national average
Key Insights
- Electricity in New Mexico costs 23% less than the national average.
- New Mexico ranks #44 among U.S. states for electricity prices.
- Electricity in New Mexico is among the 10 least expensive states.
- New Mexico has a value score of 96, indicating strong affordability and freshness.
- New Mexico shows a falling electricity price trend based on recent historical data.
More Data & Comparisons
- New Mexico electricity rates — The state overview: current rate, national rank, and the last 12 months
- 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 14.12 cents per kWh. At 900 kWh per month, that translates to an estimated monthly cost of $127.08.
- Is electricity in New Mexico cheaper than the national average?
- Electricity in New Mexico costs about $38.88 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 14.12¢/kWh, 900 kWh costs approximately $127.08 per month, or about $1524.96 per year.