Nevada vs New Mexico Electricity Rates (2026)
Nevada has 2.7% cheaper electricity than New Mexico. Nevada residents pay 14.92¢/kWh compared to 15.34¢/kWh in New Mexico, saving about $40.00/month on average.
Nevada
14.92¢
per kWh
$140/mo
New Mexico
15.34¢
per kWh
$100/mo
Detailed Rate Comparison
| Metric | Nevada | New Mexico | National Avg |
|---|---|---|---|
| Residential Rate | 14.92¢/kWh | 15.34¢/kWh | 17.22¢/kWh |
| Commercial Rate | 10.15¢/kWh | 12.08¢/kWh | - |
| Industrial Rate | 7.61¢/kWh | 7.36¢/kWh | - |
| Avg Monthly Bill | $140 | $100 | $134 |
| Renewable Energy | 24.0% | 28.0% | ~22% |
| Primary Source | Natural Gas | Natural Gas | - |
Appliance Running Costs: Nevada vs New Mexico
Monthly cost to run common household appliances in each state.
| Appliance | NV | NM | Savings |
|---|---|---|---|
| Air Purifier | $5.37 | $5.52 | NV saves $0.15 |
| Blender | $0.18 | $0.18 | NV saves $0.01 |
| CFL Bulb (13W) | $0.47 | $0.48 | NV saves $0.01 |
| Cable / Satellite Box | $3.76 | $3.87 | NV saves $0.11 |
| Ceiling Fan | $4.03 | $4.14 | NV saves $0.11 |
| Central Air Conditioner | $125.33 | $128.86 | NV saves $3.53 |
| Chest Freezer | $8.59 | $8.84 | NV saves $0.24 |
| Clothes Dryer (Electric) | $13.43 | $13.81 | NV saves $0.38 |
| Coffee Maker | $1.01 | $1.04 | NV saves $0.03 |
| Crypto Mining Rig | $161.14 | $165.67 | NV saves $4.54 |
| Dehumidifier | $16.11 | $16.57 | NV saves $0.45 |
| Desktop Computer | $7.16 | $7.36 | NV saves $0.20 |
| Dishwasher | $8.06 | $8.28 | NV saves $0.23 |
| Electric Baseboard Heater | $44.76 | $46.02 | NV saves $1.26 |
| Electric Fireplace | $25.07 | $25.77 | NV saves $0.71 |
Bottom Line: Nevada vs New Mexico
Nevada is the more affordable state for electricity, with rates 2.7% lower than New Mexico. An average household would save about $480.00/year by living in Nevada.
Nevada gets its electricity primarily from Natural Gas with 24.0% renewable, while New Mexico relies on Natural Gas with 28.0% renewable.
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Frequently Asked Questions
Is electricity cheaper in Nevada or New Mexico?
Electricity is cheaper in Nevada at 14.92¢/kWh compared to New Mexico at 15.34¢/kWh. That's a 2.7% difference, saving about $40.00/month on an average residential bill.
What is the average electricity bill in Nevada vs New Mexico?
The average monthly electricity bill is $140 in Nevada and $100 in New Mexico. The national average is $134.
Which state uses more renewable energy, Nevada or New Mexico?
New Mexico has a higher renewable energy percentage at 28.0%, compared to 24.0% in Nevada.
What are the main energy sources in Nevada and New Mexico?
Nevada 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)