Minnesota vs New Mexico Electricity Rates (2026)
New Mexico has 1.9% cheaper electricity than Minnesota. New Mexico residents pay 15.34¢/kWh compared to 15.63¢/kWh in Minnesota, saving about $19.00/month on average.
Minnesota
15.63¢
per kWh
$119/mo
New Mexico
15.34¢
per kWh
$100/mo
Detailed Rate Comparison
| Metric | Minnesota | New Mexico | National Avg |
|---|---|---|---|
| Residential Rate | 15.63¢/kWh | 15.34¢/kWh | 17.22¢/kWh |
| Commercial Rate | 12.55¢/kWh | 12.08¢/kWh | - |
| Industrial Rate | 9.15¢/kWh | 7.36¢/kWh | - |
| Avg Monthly Bill | $119 | $100 | $134 |
| Renewable Energy | 29.0% | 28.0% | ~22% |
| Primary Source | Wind | Natural Gas | - |
Appliance Running Costs: Minnesota vs New Mexico
Monthly cost to run common household appliances in each state.
| Appliance | MN | NM | Savings |
|---|---|---|---|
| Air Purifier | $5.63 | $5.52 | NM saves $0.10 |
| Blender | $0.19 | $0.18 | NM saves $0.00 |
| CFL Bulb (13W) | $0.49 | $0.48 | NM saves $0.01 |
| Cable / Satellite Box | $3.94 | $3.87 | NM saves $0.07 |
| Ceiling Fan | $4.22 | $4.14 | NM saves $0.08 |
| Central Air Conditioner | $131.29 | $128.86 | NM saves $2.44 |
| Chest Freezer | $9.00 | $8.84 | NM saves $0.17 |
| Clothes Dryer (Electric) | $14.07 | $13.81 | NM saves $0.26 |
| Coffee Maker | $1.06 | $1.04 | NM saves $0.02 |
| Crypto Mining Rig | $168.80 | $165.67 | NM saves $3.13 |
| Dehumidifier | $16.88 | $16.57 | NM saves $0.31 |
| Desktop Computer | $7.50 | $7.36 | NM saves $0.14 |
| Dishwasher | $8.44 | $8.28 | NM saves $0.16 |
| Electric Baseboard Heater | $46.89 | $46.02 | NM saves $0.87 |
| Electric Fireplace | $26.26 | $25.77 | NM saves $0.49 |
Bottom Line: Minnesota vs New Mexico
New Mexico is the more affordable state for electricity, with rates 1.9% lower than Minnesota. An average household would save about $228.00/year by living in New Mexico.
Minnesota gets its electricity primarily from Wind with 29.0% renewable, while New Mexico relies on Natural Gas with 28.0% renewable.
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Frequently Asked Questions
Is electricity cheaper in Minnesota or New Mexico?
Electricity is cheaper in New Mexico at 15.34¢/kWh compared to Minnesota at 15.63¢/kWh. That's a 1.9% difference, saving about $19.00/month on an average residential bill.
What is the average electricity bill in Minnesota vs New Mexico?
The average monthly electricity bill is $119 in Minnesota and $100 in New Mexico. The national average is $134.
Which state uses more renewable energy, Minnesota or New Mexico?
Minnesota has a higher renewable energy percentage at 29.0%, compared to 28.0% in New Mexico.
What are the main energy sources in Minnesota and New Mexico?
Minnesota 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)