Electricity rates in New Mexico
See the latest average electricity prices in New Mexico and estimate your bill with a calculator prefilled with the local residential rate.
$0.16
per kWh · EIA, Jul 2026
Residential
$0.16
per kWh
Commercial
$0.12
per kWh
Industrial
$0.04
per kWh
vs US average
-12%
cheaper
Price rank
#27
of 51 (1 = highest)
Avg monthly bill
$143
at 886 kWh typical usage
How New Mexico compares
Residential price per kWh vs the national average and the cheapest/most expensive states.
Typical electric bills by home size in New Mexico
Estimated energy cost at New Mexico's average residential rate of $0.16/kWh, before fixed charges and tax.
| Home size | Typical usage | Monthly | Yearly |
|---|---|---|---|
| 1-bedroom apartment | ≈ 550 kWh/mo | $88.49 | $1,061.94/yr |
| 2-bedroom home | ≈ 700 kWh/mo | $112.63 | $1,351.56/yr |
| 3-bedroom house | ≈ 900 kWh/mo | $144.81 | $1,737.72/yr |
| 4-bedroom house | ≈ 1150 kWh/mo | $185.04 | $2,220.42/yr |
New Mexico electricity bill calculator
Prefilled with New Mexico's average residential rate. Adjust usage, add fixed charges, or switch to a tiered tariff.
$106.54
600 kWh · ≈ $3.50/day
Per day
$3.50
Per year
$1,278.48
7,200 kWh/yr
Cost breakdown
- Energy91%
- Fixed charge9%
Estimate only. Check your official utility bill for exact charges.
Electricity rates in New Mexico: common questions
New Mexico's average residential electricity price is $0.16 per kWh (EIA, Jul 2026) — about 12% below the US average of $0.18. That ranks #27 of 51 states by residential price (1 = most expensive).
Other states
View all ratesWant the bill side, not just the rate? See the average electric bill in New Mexico by home size.