What is the average electricity rate in New Mexico?

As of March 2026, the average residential electricity rate in New Mexico is 14.81¢ per kWh — about 23% below the US average of 19.16¢ per kWh.

What is a typical electric bill in New Mexico?

At 900 kWh per month, the estimated bill in New Mexico is about $133.29. Your actual bill depends on home size, season, and usage.

New Mexico ranks #37 of 51 (1 = most expensive). 14 states have cheaper average residential electricity.

Energy · Official EIA Data · March 2026

Average rate

14.81¢/kWh

Est. monthly bill*

$133.29

Rank (1 = priciest)

#37/51

New Mexico electricity is about 23% below the US average (19.16¢/kWh). *Estimated bill at 900 kWh/month.

What is the average electricity rate in New Mexico?: As of March 2026, the average residential electricity rate in New Mexico is 14.81¢ per kWh — about 23% below the US average of 19.16¢ per kWh.
What is a typical electric bill in New Mexico?: At 900 kWh per month, the estimated bill in New Mexico is about $133.29. Your actual bill depends on home size, season, and usage.
How does New Mexico rank for electricity prices?: New Mexico ranks #37 of 51 (1 = most expensive). 14 states have cheaper average residential electricity.

Data source: U.S. Energy Information Administration (EIA) — Form EIA-861/826, residential average price. See all states ranked or our methodology.

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