Iowa vs New Mexico Electricity Rates (2026)
Iowa has 1.3% cheaper electricity than New Mexico. Iowa residents pay 15.14¢/kWh compared to 15.34¢/kWh in New Mexico, saving about $28.00/month on average.
Iowa
15.14¢
per kWh
$128/mo
New Mexico
15.34¢
per kWh
$100/mo
Detailed Rate Comparison
| Metric | Iowa | New Mexico | National Avg |
|---|---|---|---|
| Residential Rate | 15.14¢/kWh | 15.34¢/kWh | 17.22¢/kWh |
| Commercial Rate | 13.27¢/kWh | 12.08¢/kWh | - |
| Industrial Rate | 7.45¢/kWh | 7.36¢/kWh | - |
| Avg Monthly Bill | $128 | $100 | $134 |
| Renewable Energy | 62.0% | 28.0% | ~22% |
| Primary Source | Wind | Natural Gas | - |
Appliance Running Costs: Iowa vs New Mexico
Monthly cost to run common household appliances in each state.
| Appliance | IA | NM | Savings |
|---|---|---|---|
| Air Purifier | $5.45 | $5.52 | IA saves $0.07 |
| Blender | $0.18 | $0.18 | IA saves $0.00 |
| CFL Bulb (13W) | $0.47 | $0.48 | IA saves $0.01 |
| Cable / Satellite Box | $3.82 | $3.87 | IA saves $0.05 |
| Ceiling Fan | $4.09 | $4.14 | IA saves $0.05 |
| Central Air Conditioner | $127.18 | $128.86 | IA saves $1.68 |
| Chest Freezer | $8.72 | $8.84 | IA saves $0.12 |
| Clothes Dryer (Electric) | $13.63 | $13.81 | IA saves $0.18 |
| Coffee Maker | $1.02 | $1.04 | IA saves $0.01 |
| Crypto Mining Rig | $163.51 | $165.67 | IA saves $2.16 |
| Dehumidifier | $16.35 | $16.57 | IA saves $0.22 |
| Desktop Computer | $7.27 | $7.36 | IA saves $0.10 |
| Dishwasher | $8.18 | $8.28 | IA saves $0.11 |
| Electric Baseboard Heater | $45.42 | $46.02 | IA saves $0.60 |
| Electric Fireplace | $25.44 | $25.77 | IA saves $0.34 |
Bottom Line: Iowa vs New Mexico
Iowa is the more affordable state for electricity, with rates 1.3% lower than New Mexico. An average household would save about $336.00/year by living in Iowa.
Iowa gets its electricity primarily from Wind with 62.0% renewable, while New Mexico relies on Natural Gas with 28.0% renewable.
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Frequently Asked Questions
Is electricity cheaper in Iowa or New Mexico?
Electricity is cheaper in Iowa at 15.14¢/kWh compared to New Mexico at 15.34¢/kWh. That's a 1.3% difference, saving about $28.00/month on an average residential bill.
What is the average electricity bill in Iowa vs New Mexico?
The average monthly electricity bill is $128 in Iowa and $100 in New Mexico. The national average is $134.
Which state uses more renewable energy, Iowa or New Mexico?
Iowa has a higher renewable energy percentage at 62.0%, compared to 28.0% in New Mexico.
What are the main energy sources in Iowa and New Mexico?
Iowa primarily uses Wind, while New Mexico relies on Natural Gas.
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Data verified March 2026 · Source: U.S. Energy Information Administration (EIA)