Average Electric Bill in New Mexico
Homes in New Mexico pay an average $94.65 a month for electricity, about $1,136 a year. That ranks 51st of 51 and is $56.03 less than the US average of $150.68.
Why New Mexico's bill is lower
The lower bill is mostly about usage. At the US price, New Mexico's usage would make the bill $109.93; at US-average usage, New Mexico's price would make it $129.79.
- Homes use 638 kWh a month, 236 kWh less than the US average.
- Power costs 14.85¢ per kWh, 2.38¢ less than the US average.
- 946,309 residential electricity customers.
- 2026 so far: prices through August average 15.34¢ per kWh, 4.5% higher than the same months of 2025. At that price, the 2025 average usage would cost about $98.91 a month (our estimate).
About these numbers
Average bill = residential electricity revenue ÷ residential customers ÷ 12, from the US Energy Information Administration (2025, forms EIA-861, 861S and 861U). The 2026 price is from EIA's Electric Power Monthly, Table 5.6.B. The average bill is an average across all homes in the state, so individual bills vary widely around it. Full methodology.
Cite: Home Stats Data, "Average Electric Bill in New Mexico," https://homestatsdata.com/utility-bills/average-electric-bill/new-mexico/