Electricity cost in New Mexico
Short answer: Homes in New Mexico pay an average of 16.09¢ per kWh for electricity (July 2026). That is 12% below the U.S. average of 18.31¢ and ranks number 27 of 51, where 1 is the most expensive. The average home here uses 654 kWh a month, which costs about $105.23 at that price.
New Mexico electricity cost calculator
Start typing an appliance and pick it from the list, or describe it in a sentence. You can skip this and fill in the boxes yourself.
The calculator starts with a 1,500-watt space heater and the New Mexico average price. Change the wattage and hours for your own appliance.
Uses 360.0 kWh per month. The starting price is the New Mexico average; choose your state or type the price from your own bill.
My list
Add each appliance you use to estimate this part of your bill. The list is kept only in this browser.
| Appliance | Usage | Per month | Remove |
|---|---|---|---|
| Total | |||
| Per year |
New Mexico at a glance
New Mexico has 936,098 residential electricity customers. In 2024 the average home used 654 kWh a month, 24% less than the U.S. average of 863 kWh and the 13th lowest in the country. The average monthly bill was $92.88, the lowest, against a national average of $142.26.
Both the price and the amount used are below the national average, and the average bill is 35% below the national average.
What appliances cost to run in New Mexico
Typical wattage and use for each appliance, at the New Mexico average price of 16.09¢ per kWh, next to the same use at the U.S. average. Follow a link for the appliance's own calculator.
| Appliance | Typical use | Per month in New Mexico | Per month, U.S. average |
|---|---|---|---|
| Electric furnace | 6 hours a day, 30 days a month | $434.43 | $494.37 |
| Central air conditioner | 8 hours a day, 30 days a month | $135.16 | $153.80 |
| Heat pump | 8 hours a day, 30 days a month | $115.85 | $131.83 |
| Electric water heater | 3 hours a day, 30 days a month | $65.16 | $74.16 |
| Space heater | 8 hours a day, 30 days a month | $57.92 | $65.92 |
| Pool pump | 8 hours a day, 30 days a month | $57.92 | $65.92 |
| Baseboard heater | 8 hours a day, 30 days a month | $57.92 | $65.92 |
| Electric car charger | 1.5 hours a day, 30 days a month | $52.13 | $59.32 |
| Portable air conditioner | 8 hours a day, 30 days a month | $46.34 | $52.73 |
| Window air conditioner | 8 hours a day, 30 days a month | $34.75 | $39.55 |
| Dehumidifier | 12 hours a day, 30 days a month | $28.96 | $32.96 |
| Hot tub | 4 hours a day, 30 days a month | $28.96 | $32.96 |
| Electric fireplace | 4 hours a day, 30 days a month | $28.96 | $32.96 |
| Clothes dryer | 60 minutes per use, 5 times a week | $10.46 | $11.90 |
| Gaming PC | 4 hours a day, 30 days a month | $7.72 | $8.79 |
| Electric stove | 45 minutes per use, 7 times a week | $7.32 | $8.33 |
| Electric oven | 60 minutes per use, 4 times a week | $6.41 | $7.30 |
| Air purifier | 24 hours a day, 30 days a month | $5.79 | $6.59 |
| Refrigerator | 8 hours a day, 30 days a month | $5.79 | $6.59 |
| Desktop computer | 6 hours a day, 30 days a month | $4.34 | $4.94 |
| Dishwasher | 120 minutes per use, 5 times a week | $4.18 | $4.76 |
| Chest freezer | 8 hours a day, 30 days a month | $3.86 | $4.39 |
| Electric blanket | 8 hours a day, 30 days a month | $3.86 | $4.39 |
| Mini fridge | 8 hours a day, 30 days a month | $3.09 | $3.52 |
| Ceiling fan | 12 hours a day, 30 days a month | $2.90 | $3.30 |
| Game console | 3 hours a day, 30 days a month | $2.90 | $3.30 |
| Box fan | 8 hours a day, 30 days a month | $2.90 | $3.30 |
| TV | 5 hours a day, 30 days a month | $2.41 | $2.75 |
| Humidifier | 10 hours a day, 30 days a month | $1.93 | $2.20 |
| Air fryer | 20 minutes per use, 5 times a week | $1.74 | $1.98 |
| Laptop | 6 hours a day, 30 days a month | $1.74 | $1.98 |
| Slow cooker | 360 minutes per use, 2 times a week | $1.67 | $1.90 |
| Electric pressure cooker | 45 minutes per use, 3 times a week | $1.57 | $1.79 |
| Electric kettle | 4 minutes per use, 21 times a week | $1.46 | $1.67 |
| Hair dryer | 10 minutes per use, 7 times a week | $1.46 | $1.67 |
| Washing machine | 45 minutes per use, 5 times a week | $1.31 | $1.49 |
| Microwave | 5 minutes per use, 14 times a week | $1.22 | $1.39 |
| Wi-Fi router | 24 hours a day, 30 days a month | $1.16 | $1.32 |
| String of Christmas lights | 6 hours a day, 30 days a month | $1.16 | $1.32 |
| Toaster oven | 20 minutes per use, 4 times a week | $1.12 | $1.27 |
| Coffee maker | 10 minutes per use, 7 times a week | $0.81 | $0.93 |
| Rice cooker | 30 minutes per use, 4 times a week | $0.70 | $0.79 |
| Vacuum cleaner | 30 minutes per use, 2 times a week | $0.70 | $0.79 |
| Clothes iron | 20 minutes per use, 2 times a week | $0.56 | $0.63 |
| LED light bulb | 5 hours a day, 30 days a month | $0.24 | $0.27 |
| Toaster | 3 minutes per use, 7 times a week | $0.22 | $0.25 |
What a monthly bill looks like
The table shows what different amounts of electricity cost at the latest New Mexico price. Fixed monthly charges are already included in the average price, so a real bill for a small user is usually a little higher than shown and a large user's a little lower.
| Monthly use | Roughly | In New Mexico | At the U.S. average |
|---|---|---|---|
| 500 kWh | A small apartment or a home with gas heat | $80.45 | $91.55 |
| 654 kWh | The average home in New Mexico (2024) | $105.23 | $119.75 |
| 863 kWh | The average U.S. home (2024) | $138.86 | $158.02 |
| 1,500 kWh | A large or all-electric home | $241.35 | $274.65 |
| 2,000 kWh | An all-electric home in its peak month | $321.80 | $366.20 |
Where the electricity in New Mexico comes from
The largest source of the electricity generated in New Mexico in 2024 was wind power, according to the Energy Information Administration's state profile. Wind has no fuel cost, which helps keep prices low when it is blowing. Other plants, usually gas or coal, cover the calm hours.
The state's power plants generated 39.7 million MWh in 2024, more than the 30.3 million MWh sold to customers in the state, so it produces more electricity than it uses.
How the climate shapes bills
The climate is milder than in most of the country, so many homes use less electricity for heating and cooling than the national average. Heat waves and cold snaps still push bills up for a few weeks a year.
That is why the same price per kWh can produce very different bills in two homes: the price tells you what each kWh costs, and the weather and your heating and cooling equipment decide how many you use. To see the effect of one appliance, compare a window air conditioner, a space heater and a heat pump in the table above.
Can you choose your electricity supplier?
Generally, no. New Mexico does not have a statewide retail choice program for households, so most buy their electricity from the utility or cooperative that serves their address, at prices approved by regulators or set by the local public power provider. Prices still differ between utilities, and between rate plans at the same utility, so check the price per kWh on your own bill and type it into the calculator.
New Mexico compared with nearby states
Average residential prices for July 2026, with the rank among the 50 states and D.C. and the cost of 900 kWh. The full table covers every state, and our guide explains why prices differ so much between states.
| State | Price per kWh | Rank | Cost of 900 kWh |
|---|---|---|---|
| New Mexico | 16.09¢ | 27 | $144.81 |
| Arizona | 15.38¢ | 33 | $138.42 |
| Colorado | 17.00¢ | 22 | $153.00 |
| Texas | 15.88¢ | 30 | $142.92 |
| Utah | 13.12¢ | 49 | $118.08 |
| U.S. average | 18.31¢ | – | $164.79 |
Frequently asked questions
What is the average electricity rate in New Mexico?
The average residential price in New Mexico was 16.09 cents per kWh in July 2026, according to the U.S. Energy Information Administration. That is 12% below the U.S. average of 18.31 cents and ranks number 27 of 51 (the 50 states and D.C.), where 1 is the most expensive.
How much is the average electric bill in New Mexico?
The average home in New Mexico used 654 kWh a month in 2024 and paid $92.88, according to the EIA; the U.S. average was 863 kWh and $142.26. At the latest price of 16.09 cents per kWh, 654 kWh costs $105.23.
How much electricity does a home in New Mexico use?
654 kWh a month on average in 2024, which is 24% less than the U.S. average of 863 kWh and the 13th lowest of the 50 states and D.C.
What uses the most electricity in a home in New Mexico?
With modest heating and cooling needs, the everyday appliances matter more: the refrigerator, water heating, the clothes dryer, lighting and electronics. An electric vehicle, if you have one, is often the largest single use.
How do I find my exact price per kWh?
Take the total amount due on your electric bill and divide it by the kWh used that month. That gives the price you actually paid, including delivery charges and fees. Type it into the price box of the calculator instead of the state average.
Sources
- U.S. Energy Information Administration: Average monthly residential bill by state, 2024
- U.S. Energy Information Administration: State Electricity Profiles, 2024
- U.S. Energy Information Administration: Residential retail electric choice
- U.S. Energy Information Administration, Electric Power Monthly (state electricity prices)
Electricity prices are the EIA figures for July 2026. Wattages are typical values; check the label on your own appliance.