What is the average electricity rate in New Mexico?

As of May 2026, the average residential electricity rate in New Mexico is 14.12¢ per kWh — about 27% below the US average of 19.41¢ per kWh.

What is a typical electric bill in New Mexico?

At 900 kWh per month, the estimated bill in New Mexico is about $127.08. Your actual bill depends on home size, season, and usage.

New Mexico ranks #44 of 51 (1 = most expensive). 7 states have cheaper average residential electricity.

Energy · Official EIA Data · May 2026

Average rate

14.12¢/kWh

Est. monthly bill*

$127.08

Rank (1 = priciest)

#44/51

New Mexico electricity is about 27% below the US average (19.41¢/kWh). *Estimated bill at 900 kWh/month.

What is the average electricity rate in New Mexico?: As of May 2026, the average residential electricity rate in New Mexico is 14.12¢ per kWh — about 27% below the US average of 19.41¢ per kWh.
What is a typical electric bill in New Mexico?: At 900 kWh per month, the estimated bill in New Mexico is about $127.08. Your actual bill depends on home size, season, and usage.
How does New Mexico rank for electricity prices?: New Mexico ranks #44 of 51 (1 = most expensive). 7 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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