Electricity rates in New Mexico
Households in New Mexico paid an average of 16.09¢ per kilowatt-hour in July 2026. That is 12% below the national average of 18.31¢, and the 26th most expensive of the 51 U.S. jurisdictions. Year over year the rate is up 1.8%.
- Average rate
- 16.09¢
- A year ago
- 15.80¢
- U.S. average
- 18.31¢
- Rank
- 26th most expensive
What common appliances cost in New Mexico
Every figure below is this state's rate applied to a stated usage assumption. Follow any row for the full breakdown.
| Appliance | kWh/year | Per month | Per year |
|---|---|---|---|
| Electric car | 3,800 | $50.95 | $611 |
| Electric water heater | 3,500 | $46.93 | $563 |
| Hot tub | 2,500 | $33.52 | $402 |
| Central air conditioner | 2,352 | $31.54 | $378 |
| Heat pump | 2,160 | $28.96 | $348 |
| Pool pump | 1,728 | $23.17 | $278 |
| Electric baseboard heater | 1,350 | $18.10 | $217 |
| Garage refrigerator | 900 | $12.07 | $145 |
| Space heater | 864 | $11.58 | $139 |
| Portable air conditioner | 845 | $11.33 | $136 |
| Electric clothes dryer | 780 | $10.46 | $126 |
| Window air conditioner | 691 | $9.27 | $111 |
| Aquarium | 591 | $7.93 | $95.14 |
| Gaming pc | 584 | $7.83 | $93.97 |
| Well pump | 548 | $7.34 | $88.09 |
| Dehumidifier | 540 | $7.24 | $86.89 |
| Air purifier | 438 | $5.87 | $70.47 |
| Refrigerator | 400 | $5.36 | $64.36 |
| Desktop computer | 400 | $5.36 | $64.36 |
| Electric oven | 333 | $4.46 | $53.55 |
| Dishwasher | 312 | $4.18 | $50.20 |
| Chest freezer | 300 | $4.02 | $48.27 |
| Game console | 219 | $2.94 | $35.24 |
| Coffee maker | 164 | $2.20 | $26.43 |
| 55-inch led tv | 164 | $2.20 | $26.43 |
| Washing machine | 130 | $1.74 | $20.92 |
| Air fryer | 126 | $1.69 | $20.27 |
| Laptop | 120 | $1.61 | $19.31 |
| Box fan | 112 | $1.51 | $18.10 |
| Electric kettle | 110 | $1.47 | $17.62 |
| Microwave | 110 | $1.47 | $17.62 |
| Incandescent bulb | 110 | $1.47 | $17.62 |
| Treadmill | 105 | $1.41 | $16.89 |
| Slow cooker | 96 | $1.29 | $15.45 |
| Hair dryer | 94 | $1.27 | $15.21 |
| Wi-fi router | 88 | $1.17 | $14.09 |
| Ceiling fan | 86 | $1.16 | $13.90 |
| 3d printer | 65 | 86.9¢ | $10.43 |
| Computer monitor | 60 | 80.5¢ | $9.65 |
| Security camera | 44 | 58.7¢ | $7.05 |
| Electric pressure cooker | 42 | 56.3¢ | $6.76 |
| Rice cooker | 42 | 56.3¢ | $6.76 |
| Electric lawn mower | 42 | 55.8¢ | $6.69 |
| Electric blanket | 38 | 51.5¢ | $6.18 |
| Vacuum cleaner | 36 | 48.3¢ | $5.79 |
| Toaster | 35 | 47.0¢ | $5.64 |
| Smart speaker | 26 | 35.2¢ | $4.23 |
| Clothes iron | 16 | 22.1¢ | $2.65 |
| Led bulb | 16 | 22.0¢ | $2.64 |
| String of christmas lights | 7 | 9.1¢ | $1.09 |
The largest single line item on this list in New Mexico is an electric car at $611 a year. The whole list together comes to $4,540 a year, though few households run all of them.
The average New Mexico household's bill was $92.88 a month in 2024. Why it is that number.
The same figures come as a printable New Mexico Home Energy Cost Workbook, with worksheets for auditing and tracking your own usage. See what is in it — the California edition is free to download.
Questions
- What is the average electricity rate in New Mexico?
- 16.09¢ per kilowatt-hour for residential customers in July 2026, according to EIA's Electric Power Monthly.
- Is electricity expensive in New Mexico?
- It ranks 26th most expensive of 51 U.S. jurisdictions, 12% below the national average.
- Why is my bill higher than this rate suggests?
- This is a statewide average of what customers actually paid, so it already blends in fixed charges and taxes across all utilities and plans. Your own utility, rate plan, time-of-use period and tier can each move you well away from the average.