Florida vs New Mexico Electricity Rates (2026)
New Mexico has 5.4% cheaper electricity than Florida. New Mexico residents pay 15.34¢/kWh compared to 16.22¢/kWh in Florida, saving about $67.00/month on average.
Florida
16.22¢
per kWh
$167/mo
New Mexico
15.34¢
per kWh
$100/mo
Detailed Rate Comparison
| Metric | Florida | New Mexico | National Avg |
|---|---|---|---|
| Residential Rate | 16.22¢/kWh | 15.34¢/kWh | 17.22¢/kWh |
| Commercial Rate | 12.07¢/kWh | 12.08¢/kWh | - |
| Industrial Rate | 9.71¢/kWh | 7.36¢/kWh | - |
| Avg Monthly Bill | $167 | $100 | $134 |
| Renewable Energy | 6.0% | 28.0% | ~22% |
| Primary Source | Natural Gas | Natural Gas | - |
Appliance Running Costs: Florida vs New Mexico
Monthly cost to run common household appliances in each state.
| Appliance | FL | NM | Savings |
|---|---|---|---|
| Air Purifier | $5.84 | $5.52 | NM saves $0.32 |
| Blender | $0.19 | $0.18 | NM saves $0.01 |
| CFL Bulb (13W) | $0.51 | $0.48 | NM saves $0.03 |
| Cable / Satellite Box | $4.09 | $3.87 | NM saves $0.22 |
| Ceiling Fan | $4.38 | $4.14 | NM saves $0.24 |
| Central Air Conditioner | $136.25 | $128.86 | NM saves $7.39 |
| Chest Freezer | $9.34 | $8.84 | NM saves $0.51 |
| Clothes Dryer (Electric) | $14.60 | $13.81 | NM saves $0.79 |
| Coffee Maker | $1.09 | $1.04 | NM saves $0.06 |
| Crypto Mining Rig | $175.18 | $165.67 | NM saves $9.50 |
| Dehumidifier | $17.52 | $16.57 | NM saves $0.95 |
| Desktop Computer | $7.79 | $7.36 | NM saves $0.42 |
| Dishwasher | $8.76 | $8.28 | NM saves $0.48 |
| Electric Baseboard Heater | $48.66 | $46.02 | NM saves $2.64 |
| Electric Fireplace | $27.25 | $25.77 | NM saves $1.48 |
Bottom Line: Florida vs New Mexico
New Mexico is the more affordable state for electricity, with rates 5.4% lower than Florida. An average household would save about $804.00/year by living in New Mexico.
Florida gets its electricity primarily from Natural Gas with 6.0% renewable, while New Mexico relies on Natural Gas with 28.0% renewable.
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Frequently Asked Questions
Is electricity cheaper in Florida or New Mexico?
Electricity is cheaper in New Mexico at 15.34¢/kWh compared to Florida at 16.22¢/kWh. That's a 5.4% difference, saving about $67.00/month on an average residential bill.
What is the average electricity bill in Florida vs New Mexico?
The average monthly electricity bill is $167 in Florida and $100 in New Mexico. The national average is $134.
Which state uses more renewable energy, Florida or New Mexico?
New Mexico has a higher renewable energy percentage at 28.0%, compared to 6.0% in Florida.
What are the main energy sources in Florida and New Mexico?
Florida primarily uses Natural Gas, while New Mexico relies on Natural Gas.
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Data verified March 2026 · Source: U.S. Energy Information Administration (EIA)