Electricity rates in New Mexico
Households in New Mexico paid an average of 16.51¢ per kilowatt-hour in August 2026. That is 9% below the national average of 18.16¢, and the 25th most expensive of the 51 U.S. jurisdictions. Year over year the rate is up 3.3%.
- Average rate
- 16.51¢
- A year ago
- 15.98¢
- U.S. average
- 18.16¢
- Rank
- 25th most expensive
What common appliances cost in New Mexico
Every figure below is this state's rate applied to a stated usage assumption. Follow any row for the full breakdown.
| Appliance | kWh/year | Per month | Per year |
|---|---|---|---|
| Electric car | 3,800 | $52.28 | $627 |
| Electric water heater | 3,500 | $48.15 | $578 |
| Hot tub | 2,500 | $34.40 | $413 |
| Central air conditioner | 2,352 | $32.36 | $388 |
| Heat pump | 2,160 | $29.72 | $357 |
| Pool pump | 1,728 | $23.77 | $285 |
| Electric baseboard heater | 1,350 | $18.57 | $223 |
| Garage refrigerator | 900 | $12.38 | $149 |
| Space heater | 864 | $11.89 | $143 |
| Portable air conditioner | 845 | $11.62 | $139 |
| Electric clothes dryer | 780 | $10.73 | $129 |
| Window air conditioner | 691 | $9.51 | $114 |
| Aquarium | 591 | $8.14 | $97.62 |
| Gaming pc | 584 | $8.03 | $96.42 |
| Well pump | 548 | $7.53 | $90.39 |
| Dehumidifier | 540 | $7.43 | $89.15 |
| Air purifier | 438 | $6.03 | $72.31 |
| Refrigerator | 400 | $5.50 | $66.04 |
| Desktop computer | 400 | $5.50 | $66.04 |
| Electric oven | 333 | $4.58 | $54.95 |
| Dishwasher | 312 | $4.29 | $51.51 |
| Chest freezer | 300 | $4.13 | $49.53 |
| Game console | 219 | $3.01 | $36.16 |
| Coffee maker | 164 | $2.26 | $27.12 |
| 55-inch led tv | 164 | $2.26 | $27.12 |
| Washing machine | 130 | $1.79 | $21.46 |
| Air fryer | 126 | $1.73 | $20.80 |
| Laptop | 120 | $1.65 | $19.81 |
| Box fan | 112 | $1.55 | $18.57 |
| Microwave | 110 | $1.51 | $18.08 |
| Electric kettle | 110 | $1.51 | $18.08 |
| Incandescent bulb | 110 | $1.51 | $18.08 |
| Treadmill | 105 | $1.44 | $17.34 |
| Slow cooker | 96 | $1.32 | $15.85 |
| Hair dryer | 94 | $1.30 | $15.60 |
| Wi-fi router | 88 | $1.21 | $14.46 |
| Ceiling fan | 86 | $1.19 | $14.26 |
| 3d printer | 65 | 89.2¢ | $10.70 |
| Computer monitor | 60 | 82.6¢ | $9.91 |
| Security camera | 44 | 60.3¢ | $7.23 |
| Electric pressure cooker | 42 | 57.8¢ | $6.93 |
| Rice cooker | 42 | 57.8¢ | $6.93 |
| Electric lawn mower | 42 | 57.2¢ | $6.87 |
| Electric blanket | 38 | 52.8¢ | $6.34 |
| Vacuum cleaner | 36 | 49.5¢ | $5.94 |
| Toaster | 35 | 48.2¢ | $5.79 |
| Smart speaker | 26 | 36.2¢ | $4.34 |
| Clothes iron | 16 | 22.7¢ | $2.72 |
| Led bulb | 16 | 22.6¢ | $2.71 |
| String of christmas lights | 7 | 9.3¢ | $1.11 |
The largest single line item on this list in New Mexico is an electric car at $627 a year. The whole list together comes to $4,659 a year, though few households run all of them.
The average New Mexico household's bill was $92.88 a month in 2024. Why it is that number.
The same figures come as a printable New Mexico Home Energy Cost Workbook, with worksheets for auditing and tracking your own usage. See what is in it — the California edition is free to download.
Questions
- What is the average electricity rate in New Mexico?
- 16.51¢ per kilowatt-hour for residential customers in August 2026, according to EIA's Electric Power Monthly.
- Is electricity expensive in New Mexico?
- It ranks 25th most expensive of 51 U.S. jurisdictions, 9% below the national average.
- Why is my bill higher than this rate suggests?
- This is a statewide average of what customers actually paid, so it already blends in fixed charges and taxes across all utilities and plans. Your own utility, rate plan, time-of-use period and tier can each move you well away from the average.