How much does an electric water heater cost per month in New Jersey?

About $71.78 a month, assuming 3,500 kWh a year at 24.61¢/kWh.

How many kilowatt-hours does an electric water heater use?

Roughly 3,500 kWh a year under these assumptions.

Is that expensive compared with other states?

New Jersey has the 10th most expensive average residential rate in the country, so this appliance costs more here than the U.S. average of $636 a year.

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Cost to run an electric water heater in New Jersey (August 2026 rates)

At 24.61¢ per kilowatt-hour — New Jersey's average residential price in August 2026 — running an electric water heater costs $861 a year. That is 36% more than the national average of $636.

Per day: $2.36
Per month: $71.78
Per year: $861

Assumption: 3,500 kWh a year. A 50-gallon resistance tank for a household of three or four. This is typically the largest or second-largest electric load in a home without electric heat. Use the calculator to swap in the numbers from your own model.

Related calculators: work out whether a heat-pump water heater pays back.

How New Jersey compares

New Jersey pays 24.61¢/kWh, the 10th most expensive residential electricity of the 51 U.S. jurisdictions EIA reports. For this appliance that works out to $226 more a year than the typical U.S. household pays for the same use. Running the same electric water heater costs $445 a year in Nevada and $1,651 in Hawaii, so where you live changes this bill by $1,206 a year.

State	Rate	Per month	Per year
Vermont	23.84¢	$69.53	$834
Connecticut	24.51¢	$71.49	$858
New Jersey	24.61¢	$71.78	$861
District of Columbia	25.98¢	$75.78	$909
New Hampshire	27.64¢	$80.62	$967

States ranked by average residential price, cheapest first. See all 51 states for an electric water heater.

What else costs about the same in New Jersey

Electric car$935 a year in NJ Hot tub$615 a year in NJ Central air conditioner$579 a year in NJ

Cutting the number down

A heat-pump water heater does the same job for roughly a third of the electricity, which is why it usually pays back faster than any other upgrade in the house.
Dropping the setpoint from 140 F to 120 F cuts standby losses and scalding risk at once.
An insulating blanket on an older tank pays for itself in a season; check the manufacturer's guidance first.

Questions

How much does an electric water heater cost per month in New Jersey?: About $71.78 a month, assuming 3,500 kWh a year at 24.61¢/kWh.
How many kilowatt-hours does an electric water heater use?: Roughly 3,500 kWh a year under these assumptions.
Is that expensive compared with other states?: New Jersey has the 10th most expensive average residential rate in the country, so this appliance costs more here than the U.S. average of $636 a year.