Homes in New Mexico paid an average of 14.20¢ per kWh in 2024 (14% below the US average of 16.48¢), used 654 kWh a month and paid about $92.88 a month, according to the EIA.
- Price per kWh
- 14.20¢2024 average, residential
- Monthly bill
- $93US $142
- Monthly use
- 654kWh; US 863
- Rank
- 31of 51, most expensive first
Cost to run common appliances in New Mexico
| Appliance | Typical use | Per day | Per month |
|---|---|---|---|
| Refrigerator | 1.45 kWh | 21¢ | $6.26 |
| Space heater | 6 kWh | 85¢ | $25.90 |
| Window air conditioner | 3.2 kWh | 45¢ | $13.81 |
| Central air conditioner | 29.4 kWh | $4.17 | $127 |
| Electric clothes dryer | 2.6 kWh | 37¢ | $11.22 |
| Electric water heater | 13.5 kWh | $1.92 | $58.28 |
| Dehumidifier | 3.8 kWh | 54¢ | $16.40 |
| TV | 0.4 kWh | 6¢ | $1.73 |
| EV charger | 10.8 kWh | $1.53 | $46.62 |
At 14.20¢ per kWh with typical daily use. Your rate plan and use will differ.
Questions people ask
How much is electricity per kWh in New Mexico?
14.20¢ per kWh on average for homes in 2024 (EIA), up 2.5% from 13.85¢ in 2023.
What is the average electric bill in New Mexico?
About $92.88 a month in 2024, for 654 kWh of use (EIA).
How does New Mexico compare with other states?
It ranks 31 of 51 (50 states and DC) from most to least expensive per kWh.
Sources
- EIA Electric Sales, Revenue, and Average Price, Table 5a: 2024 Average Monthly Bill - Residential
- EIA Electric Power Annual Table 2.10: Average Price of Electricity to Ultimate Customers by End-Use Sector, by State, 2024 and 2023
- EIA Electric Sales, Revenue, and Average Price, Table 4: 2024 Average Retail Price (cross-check)
- EIA Electric Sales, Revenue, and Average Price, Table 1: 2024 Customers (cross-check)
- EIA Electric Sales, Revenue, and Average Price, Table 2: 2024 Sales (cross-check)
- EIA FAQ: How much electricity does an American home use?
- EIA Short-Term Energy Outlook (Oct 6, 2026), Electricity section
- EIA Electric Power Monthly Table 5.6.A (not retrievable on 2026-10-12)