Home › Electric bills › New Mexico
Average electric bill in New Mexico
The average New Mexico household paid $92.88 a month for electricity in 2024 — the lowest in the country, and 35% below the U.S. average of $142.26.
- Average bill
- $92.88
- Monthly usage
- 654 kWh
- Average rate
- 14.20¢
- Rank
- lowest
Why the New Mexico bill is what it is
A bill is kilowatt-hours multiplied by price, and states reach similar bills by very different routes. New Mexico's electricity costs 14% less than the U.S. average, and the typical New Mexico home uses 24% less of it, so the bill lands 35% below the national average. Both work in the same direction: price and usage are each below the national figure.
At today's rate
The 2024 figures are the latest annual numbers EIA has published. New Mexico's average residential rate has since moved to 15.06¢/kWh (June 2026). At the same 654 kWh a month, that puts the typical bill near $98.51 — 6% higher. That is an estimate: it holds usage at 2024 levels, and usage swings with the weather.
Neighbours in the ranking
| State | Bill/month | kWh/month | Rate |
|---|---|---|---|
| Montana | $107.91 | 852 | 12.66¢ |
| Wyoming | $107.65 | 863 | 12.47¢ |
| Colorado | $100.57 | 674 | 14.92¢ |
| Utah | $94.57 | 774 | 12.22¢ |
| New Mexico | $92.88 | 654 | 14.20¢ |
Ranked from highest bill down. All 51.
Is your bill normal?
Divide your bill by the kilowatt-hours printed on it and you have your own effective rate, directly comparable with the 14.20¢ above. The bill check calculator does it for you. To see where the kilowatt-hours go, the New Mexico rate page costs 50 common appliances at the state rate.
Questions
- What is the average electric bill in New Mexico?
- $92.88 a month in 2024, for an average of 654 kWh at 14.20¢/kWh, according to EIA's annual utility survey.
- Why is the electric bill in New Mexico lower than average?
- New Mexico's electricity costs 14% less than the U.S. average, and the typical New Mexico home uses 24% less of it, so the bill lands 35% below the national average. Both work in the same direction: price and usage are each below the national figure.
- How much electricity does the average New Mexico home use?
- 654 kWh a month, against a U.S. average of 863 kWh.
- Is my electric bill too high?
- Compare your effective rate — the bill divided by the kWh on it — with the state average, and your kWh with the 654 kWh typical here. A high rate points at your plan or tier; high usage points at what is running.