Electricity cost in New Mexico
Short answer
Electricity in New Mexico averages about 14.5¢/kWh. At that rate, running central AC costs about $93/month — below the U.S. average of 16.8¢.
Avg rate
14.5¢/kWh
| Appliance | Cost / month in New Mexico |
|---|---|
| Central air conditioner | $93 |
| Electric water heater | $53 |
| Refrigerator | $5 |
| Space heater | $33 |
| Electric clothes dryer | $13 |
| EV charger (Level 2) | $95 |
Any appliance
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Frequently asked questions
What is the average electricity rate in New Mexico?
About 14.5¢/kWh for residential customers — versus the U.S. average of 16.8¢. Your exact rate depends on your utility and plan.
How much does an electric water heater cost to run in New Mexico?
About $53 per month at New Mexico's 14.5¢/kWh rate, assuming typical use. Heat-pump water heaters cost far less.
How much does a space heater cost to run in New Mexico?
Around $33 per month if run ~5 hours a day at 14.5¢/kWh. Space heaters are cheap to buy but expensive to run.