Indiana vs New Mexico Electricity Rates (2026)
New Mexico has 0.5% cheaper electricity than Indiana. New Mexico residents pay 15.34¢/kWh compared to 15.42¢/kWh in Indiana, saving about $45.00/month on average.
Indiana
15.42¢
per kWh
$145/mo
New Mexico
15.34¢
per kWh
$100/mo
Detailed Rate Comparison
| Metric | Indiana | New Mexico | National Avg |
|---|---|---|---|
| Residential Rate | 15.42¢/kWh | 15.34¢/kWh | 17.22¢/kWh |
| Commercial Rate | 13.07¢/kWh | 12.08¢/kWh | - |
| Industrial Rate | 8.39¢/kWh | 7.36¢/kWh | - |
| Avg Monthly Bill | $145 | $100 | $134 |
| Renewable Energy | 11.0% | 28.0% | ~22% |
| Primary Source | Coal | Natural Gas | - |
Appliance Running Costs: Indiana vs New Mexico
Monthly cost to run common household appliances in each state.
| Appliance | IN | NM | Savings |
|---|---|---|---|
| Air Purifier | $5.55 | $5.52 | NM saves $0.03 |
| Blender | $0.19 | $0.18 | NM saves $0.00 |
| CFL Bulb (13W) | $0.48 | $0.48 | NM saves $0.00 |
| Cable / Satellite Box | $3.89 | $3.87 | NM saves $0.02 |
| Ceiling Fan | $4.16 | $4.14 | NM saves $0.02 |
| Central Air Conditioner | $129.53 | $128.86 | NM saves $0.67 |
| Chest Freezer | $8.88 | $8.84 | NM saves $0.05 |
| Clothes Dryer (Electric) | $13.88 | $13.81 | NM saves $0.07 |
| Coffee Maker | $1.04 | $1.04 | NM saves $0.01 |
| Crypto Mining Rig | $166.54 | $165.67 | NM saves $0.86 |
| Dehumidifier | $16.65 | $16.57 | NM saves $0.09 |
| Desktop Computer | $7.40 | $7.36 | NM saves $0.04 |
| Dishwasher | $8.33 | $8.28 | NM saves $0.04 |
| Electric Baseboard Heater | $46.26 | $46.02 | NM saves $0.24 |
| Electric Fireplace | $25.91 | $25.77 | NM saves $0.13 |
Bottom Line: Indiana vs New Mexico
New Mexico is the more affordable state for electricity, with rates 0.5% lower than Indiana. An average household would save about $540.00/year by living in New Mexico.
Indiana gets its electricity primarily from Coal with 11.0% renewable, while New Mexico relies on Natural Gas with 28.0% renewable.
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Frequently Asked Questions
Is electricity cheaper in Indiana or New Mexico?
Electricity is cheaper in New Mexico at 15.34¢/kWh compared to Indiana at 15.42¢/kWh. That's a 0.5% difference, saving about $45.00/month on an average residential bill.
What is the average electricity bill in Indiana vs New Mexico?
The average monthly electricity bill is $145 in Indiana and $100 in New Mexico. The national average is $134.
Which state uses more renewable energy, Indiana or New Mexico?
New Mexico has a higher renewable energy percentage at 28.0%, compared to 11.0% in Indiana.
What are the main energy sources in Indiana and New Mexico?
Indiana primarily uses Coal, while New Mexico relies on Natural Gas.
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Data verified March 2026 · Source: U.S. Energy Information Administration (EIA)