Is Electricity Expensive in New Mexico?

How New Mexico's rate compares

New Mexico's average residential electricity rate is 15.29¢/kWh, which is near the national average. The rate tier classification for New Mexico is "Medium".

Affordability Index

With an Affordability Index of 88/100, New Mexico falls in the "Very Affordable" category. States scoring 80+ are considered very affordable; states below 20 are very expensive.

What drives the price?

Electricity prices vary by state due to fuel mix, generation infrastructure, regulatory environment, and seasonal demand. New Mexico's rate reflects these regional factors as reported by the source data.

Monthly cost impact

• At 500 kWh/month: ~$76.45 (energy only)
• At 1,000 kWh/month: ~$152.90 (energy only)
• At 1,500 kWh/month: ~$229.35 (energy only)

Data freshness

This data was Updated 36 days ago. Freshness status: fresh.