New Jersey vs New Mexico Electricity Rates (2026)
New Mexico has 17.0% cheaper electricity than New Jersey. New Mexico residents pay 15.34¢/kWh compared to 18.48¢/kWh in New Jersey, saving about $21.00/month on average.
New Jersey
18.48¢
per kWh
$121/mo
New Mexico
15.34¢
per kWh
$100/mo
Detailed Rate Comparison
| Metric | New Jersey | New Mexico | National Avg |
|---|---|---|---|
| Residential Rate | 18.48¢/kWh | 15.34¢/kWh | 17.22¢/kWh |
| Commercial Rate | 14.02¢/kWh | 12.08¢/kWh | - |
| Industrial Rate | 12.05¢/kWh | 7.36¢/kWh | - |
| Avg Monthly Bill | $121 | $100 | $134 |
| Renewable Energy | 8.0% | 28.0% | ~22% |
| Primary Source | Natural Gas | Natural Gas | - |
Appliance Running Costs: New Jersey vs New Mexico
Monthly cost to run common household appliances in each state.
| Appliance | NJ | NM | Savings |
|---|---|---|---|
| Air Purifier | $6.65 | $5.52 | NM saves $1.13 |
| Blender | $0.22 | $0.18 | NM saves $0.04 |
| CFL Bulb (13W) | $0.58 | $0.48 | NM saves $0.10 |
| Cable / Satellite Box | $4.66 | $3.87 | NM saves $0.79 |
| Ceiling Fan | $4.99 | $4.14 | NM saves $0.85 |
| Central Air Conditioner | $155.23 | $128.86 | NM saves $26.38 |
| Chest Freezer | $10.64 | $8.84 | NM saves $1.81 |
| Clothes Dryer (Electric) | $16.63 | $13.81 | NM saves $2.83 |
| Coffee Maker | $1.25 | $1.04 | NM saves $0.21 |
| Crypto Mining Rig | $199.58 | $165.67 | NM saves $33.91 |
| Dehumidifier | $19.96 | $16.57 | NM saves $3.39 |
| Desktop Computer | $8.87 | $7.36 | NM saves $1.51 |
| Dishwasher | $9.98 | $8.28 | NM saves $1.70 |
| Electric Baseboard Heater | $55.44 | $46.02 | NM saves $9.42 |
| Electric Fireplace | $31.05 | $25.77 | NM saves $5.28 |
Bottom Line: New Jersey vs New Mexico
New Mexico is the more affordable state for electricity, with rates 17.0% lower than New Jersey. An average household would save about $252.00/year by living in New Mexico.
New Jersey gets its electricity primarily from Natural Gas with 8.0% renewable, while New Mexico relies on Natural Gas with 28.0% renewable.
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Frequently Asked Questions
Is electricity cheaper in New Jersey or New Mexico?
Electricity is cheaper in New Mexico at 15.34¢/kWh compared to New Jersey at 18.48¢/kWh. That's a 17.0% difference, saving about $21.00/month on an average residential bill.
What is the average electricity bill in New Jersey vs New Mexico?
The average monthly electricity bill is $121 in New Jersey and $100 in New Mexico. The national average is $134.
Which state uses more renewable energy, New Jersey or New Mexico?
New Mexico has a higher renewable energy percentage at 28.0%, compared to 8.0% in New Jersey.
What are the main energy sources in New Jersey and New Mexico?
New Jersey 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)