New Mexico electricity prices
West region · residential average · EIA Electric Power Monthly March 2026
Residential electricity in New Mexico averages 14.81¢/kWh (EIA, March 2026), which is -20.2% versus the US average of 18.56¢ — below the US average rate. That makes it the #37 of 51 state by price (1 = most expensive). At this rate, a home using 1,000 kWh in a month pays about $148 for energy, and a 1,500 W space heater run 8 hours a day costs about $17.77/month.
Source: EIA Electric Power Monthly, Table 5.6.A (residential). Data as of June 2026.
New Mexico electricity price at a glance
| Figure | New Mexico |
|---|---|
| Residential price (EIA) | 14.81¢/kWh |
| Versus US average | -20.2% (US avg 18.56¢) |
| Price rank (1 = most expensive of 51) | #37 |
| Cost of 1,000 kWh/month | $148 |
Source: EIA Electric Power Monthly, Table 5.6.A (residential) (March 2026). Data as of June 2026.
Cost to run common appliances in New Mexico
Monthly cost at typical usage, at the New Mexico rate of 14.81¢/kWh, versus the US average:
| Appliance | In New Mexico | US average |
|---|---|---|
| Electric space heater | $17.77 | $22.27 |
| Central air conditioner | $41.47 | $51.97 |
| Electric water heater (tank) | $60.81 | $76.21 |
| Refrigerator | $7.41 | $9.28 |
| Electric clothes dryer | $7.41 | $9.28 |
| EV charging (home, Level 2) | $49.37 | $61.87 |
Source: EIA Electric Power Monthly, Table 5.6.A (residential) (March 2026); DOE/ENERGY STAR typical wattage. Data as of June 2026.
Use the calculator to price any of the 36 appliances at the New Mexico rate.
How New Mexico compares
The five states with the closest electricity price to New Mexico:
| State | Residential ¢/kWh | vs US avg |
|---|---|---|
| New Mexico (this state) | 14.81¢ | -20.2% |
| Florida | 14.86¢ | -19.9% |
| Kentucky | 14.88¢ | -19.8% |
| Oregon | 14.89¢ | -19.8% |
| Georgia | 15.01¢ | -19.1% |
| Minnesota | 15.08¢ | -18.7% |
Frequently asked questions
What is the electricity rate in New Mexico?
The average residential electricity price in New Mexico is 14.81¢ per kWh (EIA Electric Power Monthly, March 2026), which is -20.2% versus the US average of 18.56¢, below the US average rate. It ranks #37 of 51 from most to least expensive.
Is electricity expensive in New Mexico?
New Mexico is cheap on residential electricity at 14.81¢/kWh, below the US average rate. Your actual rate depends on your utility and plan; check your bill for your exact price per kWh.
How much does it cost to run a space heater in New Mexico?
A 1,500 W space heater run 8 hours a day in New Mexico costs about $17.77 per month at 14.81¢/kWh, versus $22.27 at the US average. Use the calculator for other appliances.
What is the average electricity bill in New Mexico?
A home using 1,000 kWh in a month would pay about $148 for energy in New Mexico at 14.81¢/kWh, before fixed charges, taxes and fees. Typical US household use is around 850 to 950 kWh/month.
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Sources & accuracy
Price: EIA Electric Power Monthly, Table 5.6.A (residential) (March 2026), residential average, US public domain. This is a statewide average — your utility's rate, plan and time-of-use pricing can differ. Appliance costs use DOE/ENERGY STAR typical wattage and are estimates (see methodology). Verify with your own bill before relying on these figures.
Last updated: 2026-06-20