How much does electricity cost in New Mexico?
The average residential electricity rate in New Mexico is 14.92¢ per kilowatt-hour (2026-04-ytd), the 19th-cheapest state average in the U.S. That is 20% below the unweighted average of the 51 state averages (18.54¢/kWh).
Source: U.S. Energy Information Administration, Electric Power Monthly Table 5.6.B (2026-06-25). State averages are not household tariffs: taxes, fixed charges, and tiered or time-of-use pricing are not included.
Example monthly bills at the New Mexico average rate
Engine-generated energy-portion estimates for three usage levels. Enter your own kWh in the bill estimator for a personalized range.
| Monthly usage | Estimated range | Most likely |
|---|---|---|
| 500 kWh | $61.77–$91.91 | $74.60 |
| 1,000 kWh | $123.54–$183.81 | $149.20 |
| 1,500 kWh | $185.31–$275.72 | $223.80 |
What appliances cost to run in New Mexico
Each row prices that appliance's reference scenario at the New Mexico state-average rate through the appliance-energy engine. Open a guide to adjust watts, hours, and usage.
| Appliance | Reference scenario | kWh/month | Estimated/month |
|---|---|---|---|
| Central air conditioner | 8 hours a day with moderate cycling | 504.00 | $75.20 |
| Space heater | 6 hours a day on 20 days in a month | 144.00 | $21.48 |
| Electric water heater | Elements active about 3 hours a day | 405.00 | $60.43 |
| Refrigerator | 150 watts with a 35% compressor duty cycle | 37.80 | $5.64 |
| EV home charging (Level 2) | About 2.5 charging hours a day (~50 miles) | 468.00 | $69.83 |
| Pool pump | 8 hours a day at full draw | 264.00 | $39.39 |
| Electric dryer | 45-minute cycles, twelve times per month | 22.95 | $3.42 |
| Television | 5 hours a day of mixed viewing | 16.50 | $2.46 |
Source: U.S. Energy Information Administration, Electric Power Monthly Table 5.6.B. Data vintage 2026-04-ytd.
Frequently asked questions
What is the average electricity rate in New Mexico?
Is electricity in New Mexico cheap or expensive compared with other states?
Why is my actual New Mexico bill different from these estimates?
Keep comparing
- North Carolina — next-cheapest state average (14.90¢/kWh)
- Oregon — next state average up (14.93¢/kWh)
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