How much does an electric water heater cost per month in New York?

About $86.01 a month, assuming 3,500 kWh a year at 29.49¢/kWh.

How many kilowatt-hours does an electric water heater use?

Roughly 3,500 kWh a year under these assumptions.

Is that expensive compared with other states?

New York has the 5th most expensive average residential rate in the country, so this appliance costs more here than the U.S. average of $642 a year.

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Cost to run an electric water heater in New York (June 2026 rates)

At 29.49¢ per kilowatt-hour — New York's average residential price in June 2026 — running an electric water heater costs $1,032 a year. That is 61% more than the national average of $642. New York's residential rate is up 11.1% from June 2025, which moves this appliance from $929 to $1,032 a year.

Per day: $2.83
Per month: $86.01
Per year: $1,032

Assumption: 3,500 kWh a year. A 50-gallon resistance tank for a household of three or four. This is typically the largest or second-largest electric load in a home without electric heat. Use the calculator to swap in the numbers from your own model.

How New York compares

New York pays 29.49¢/kWh, the 5th most expensive residential electricity of the 51 U.S. jurisdictions EIA reports. For this appliance that works out to $390 more a year than the typical U.S. household pays for the same use. Running the same electric water heater costs $459 a year in Nevada and $1,845 in Hawaii, so where you live changes this bill by $1,386 a year.

State	Rate	Per month	Per year
Alaska	28.21¢	$82.28	$987
Rhode Island	29.23¢	$85.25	$1,023
New York	29.49¢	$86.01	$1,032
Maine	29.59¢	$86.30	$1,036
Massachusetts	29.61¢	$86.36	$1,036

States ranked by average residential price, cheapest first. See all 51 states for an electric water heater.

What else costs about the same in New York

Electric car$1,121 a year in NY Hot tub$737 a year in NY Central air conditioner$694 a year in NY

Cutting the number down

A heat-pump water heater does the same job for roughly a third of the electricity, which is why it usually pays back faster than any other upgrade in the house.
Dropping the setpoint from 140 F to 120 F cuts standby losses and scalding risk at once.
An insulating blanket on an older tank pays for itself in a season; check the manufacturer's guidance first.

Questions

How much does an electric water heater cost per month in New York?: About $86.01 a month, assuming 3,500 kWh a year at 29.49¢/kWh.
How many kilowatt-hours does an electric water heater use?: Roughly 3,500 kWh a year under these assumptions.
Is that expensive compared with other states?: New York has the 5th most expensive average residential rate in the country, so this appliance costs more here than the U.S. average of $642 a year.