Average Electric Bill in New Mexico
Residential · 12-month average, June 2025 – May 2026.
That works out to about $1,175 a year. Among the 50 states and DC, New Mexico has the 51st highest average residential bill.
What makes up the bill
Price × usage = bill, exactly: 15.24¢/kWh × 642 kWh ≈ $98. A state can land high on either factor — New Mexico is below the U.S. average on both.
Compared with nearby states
| New Mexico | $98 | |
|---|---|---|
| U.S. average | $155 | |
| Texas | $173 | |
| Arizona | $160 | |
| Oklahoma | $141 | |
| Colorado | $109 | |
| Utah | $102 |
New Mexico is $58 a month below (-37.0%) the U.S. average of $155. Neighboring states share fuel mixes, weather, and often a grid operator, which makes them a closer benchmark than the national average.
Trend since 2008
Each point is a trailing 12-month average, which strips out the summer/winter swing and leaves the underlying trend. Bills start in January 2008 because that is when EIA began reporting customer counts.
Seasonal swing
- Highest month
- $141
- July 2025
- Lowest month
- $74
- April 2026
- Swing
- $67
- peak minus low
- Latest month
- $82
- May 2026
Actual bills are far from flat: New Mexico peaks in July 2025 and bottoms out in April 2026. The headline figure above is the average across all twelve months.
New Mexico electricity bills in context
The average monthly electricity bill in New Mexico since June 2025 is $98, the lowest among the 50 states and DC. This figure sits well below the national average of $155, a gap of $57 per month. New Mexico achieves this partly through lower consumption—homes here use 642 kWh per month versus 871 kWh nationally—but also because the price paid per kilowatt-hour is lower. At 15.24¢/kWh, the state rate runs 2.60¢/kWh below the national figure of 17.84¢/kWh, which pushes the bill down further.
Over the past year through May 2026, the average bill rose 2.4% from $96 to $98. Over the longer horizon, the increase has been steeper. Since May 2021, bills have climbed 11%, and since records began in December 2008, they have risen 54.9%, from $63 to $98. Seasonally, the bill peaks in July 2025 at $141 and dips to $74 in April 2026, a swing of $67 around the twelve-month average.
Among bordering states, New Mexico's bill ranks lowest. Texas averages $173 per month, Arizona $160, Oklahoma $141, Colorado $109, and Utah $102. Even the cheapest neighbouring state exceeds New Mexico by $4 per month.
Written from the EIA figures on this page, covering data through May 2026.
Frequently asked questions
›How much is the average electric bill in New Mexico?
›Is the electric bill in New Mexico higher than the national average?
›Why is not electricity expensive in New Mexico?
›When is the electric bill highest in New Mexico?
›How does New Mexico compare with neighboring states?
How this is calculated
EIA’s retail-sales dataset reports, for every state and month, total residential revenue and the number of residential customers served. The average monthly bill is simply the first divided by the second — total spending across all households, spread evenly over all accounts.
bill = revenue ÷ customers · averaged over 12 months (June 2025 – May 2026)
Two caveats worth knowing. It is an average, so it blends apartments with large houses — a typical household in New Mexico may pay well above or below $98. And it counts what was actually billed for electricity, including fixed service charges, so it is not the same as multiplying your own usage by the advertised rate.
Looking for the rate rather than the bill? See New Mexico electricity prices by sector.