Electricity rates in New Mexico
Households in New Mexico paid an average of 15.06¢ per kilowatt-hour in June 2026. That is 18% below the national average of 18.34¢, and the 14th cheapest of the 51 U.S. jurisdictions. Year over year the rate is up 2.6%.
- Average rate
- 15.06¢
- A year ago
- 14.68¢
- U.S. average
- 18.34¢
- Rank
- 14th cheapest
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 | $47.69 | $572 |
| Electric water heater | 3,500 | $43.93 | $527 |
| Hot tub | 2,500 | $31.38 | $377 |
| Central air conditioner | 2,352 | $29.52 | $354 |
| Heat pump | 2,160 | $27.11 | $325 |
| Pool pump | 1,728 | $21.69 | $260 |
| Electric baseboard heater | 1,350 | $16.94 | $203 |
| Garage refrigerator | 900 | $11.30 | $136 |
| Space heater | 864 | $10.84 | $130 |
| Portable air conditioner | 845 | $10.60 | $127 |
| Electric clothes dryer | 780 | $9.79 | $117 |
| Window air conditioner | 691 | $8.67 | $104 |
| Aquarium | 591 | $7.42 | $89.05 |
| Gaming pc | 584 | $7.33 | $87.95 |
| Well pump | 548 | $6.87 | $82.45 |
| Dehumidifier | 540 | $6.78 | $81.32 |
| Air purifier | 438 | $5.50 | $65.96 |
| Refrigerator | 400 | $5.02 | $60.24 |
| Desktop computer | 400 | $5.02 | $60.24 |
| Electric oven | 333 | $4.18 | $50.12 |
| Dishwasher | 312 | $3.92 | $46.99 |
| Chest freezer | 300 | $3.77 | $45.18 |
| Game console | 219 | $2.75 | $32.98 |
| Coffee maker | 164 | $2.06 | $24.74 |
| 55-inch led tv | 164 | $2.06 | $24.74 |
| Washing machine | 130 | $1.63 | $19.58 |
| Air fryer | 126 | $1.58 | $18.98 |
| Laptop | 120 | $1.51 | $18.07 |
| Box fan | 112 | $1.41 | $16.94 |
| Electric kettle | 110 | $1.37 | $16.49 |
| Microwave | 110 | $1.37 | $16.49 |
| Incandescent bulb | 110 | $1.37 | $16.49 |
| Treadmill | 105 | $1.32 | $15.81 |
| Slow cooker | 96 | $1.20 | $14.46 |
| Hair dryer | 94 | $1.19 | $14.23 |
| Wi-fi router | 88 | $1.10 | $13.19 |
| Ceiling fan | 86 | $1.08 | $13.01 |
| 3d printer | 65 | 81.3¢ | $9.76 |
| Computer monitor | 60 | 75.3¢ | $9.04 |
| Security camera | 44 | 55.0¢ | $6.60 |
| Electric pressure cooker | 42 | 52.7¢ | $6.33 |
| Rice cooker | 42 | 52.7¢ | $6.33 |
| Electric lawn mower | 42 | 52.2¢ | $6.26 |
| Electric blanket | 38 | 48.2¢ | $5.78 |
| Vacuum cleaner | 36 | 45.2¢ | $5.42 |
| Toaster | 35 | 44.0¢ | $5.28 |
| Smart speaker | 26 | 33.0¢ | $3.96 |
| Clothes iron | 16 | 20.7¢ | $2.48 |
| Led bulb | 16 | 20.6¢ | $2.47 |
| String of christmas lights | 7 | 8.5¢ | $1.02 |
The largest single line item on this list in New Mexico is an electric car at $572 a year. The whole list together comes to $4,250 a year, though few households run all of them.
Questions
- What is the average electricity rate in New Mexico?
- 15.06¢ per kilowatt-hour for residential customers in June 2026, according to EIA's Electric Power Monthly.
- Is electricity expensive in New Mexico?
- It ranks 14th cheapest of 51 U.S. jurisdictions, 18% 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.