New Mexico vs New York Electricity Rates (2026)
New Mexico has 37.0% cheaper electricity than New York. New Mexico residents pay 15.34¢/kWh compared to 24.33¢/kWh in New York, saving about $23.00/month on average.
New Mexico
15.34¢
per kWh
$100/mo
New York
24.33¢
per kWh
$123/mo
Detailed Rate Comparison
| Metric | New Mexico | New York | National Avg |
|---|---|---|---|
| Residential Rate | 15.34¢/kWh | 24.33¢/kWh | 17.22¢/kWh |
| Commercial Rate | 12.08¢/kWh | 18.93¢/kWh | - |
| Industrial Rate | 7.36¢/kWh | 6.55¢/kWh | - |
| Avg Monthly Bill | $100 | $123 | $134 |
| Renewable Energy | 28.0% | 28.0% | ~22% |
| Primary Source | Natural Gas | Natural Gas | - |
Appliance Running Costs: New Mexico vs New York
Monthly cost to run common household appliances in each state.
| Appliance | NM | NY | Savings |
|---|---|---|---|
| Air Purifier | $5.52 | $8.76 | NM saves $3.24 |
| Blender | $0.18 | $0.29 | NM saves $0.11 |
| CFL Bulb (13W) | $0.48 | $0.76 | NM saves $0.28 |
| Cable / Satellite Box | $3.87 | $6.13 | NM saves $2.27 |
| Ceiling Fan | $4.14 | $6.57 | NM saves $2.43 |
| Central Air Conditioner | $128.86 | $204.37 | NM saves $75.52 |
| Chest Freezer | $8.84 | $14.01 | NM saves $5.18 |
| Clothes Dryer (Electric) | $13.81 | $21.90 | NM saves $8.09 |
| Coffee Maker | $1.04 | $1.64 | NM saves $0.61 |
| Crypto Mining Rig | $165.67 | $262.76 | NM saves $97.09 |
| Dehumidifier | $16.57 | $26.28 | NM saves $9.71 |
| Desktop Computer | $7.36 | $11.68 | NM saves $4.32 |
| Dishwasher | $8.28 | $13.14 | NM saves $4.85 |
| Electric Baseboard Heater | $46.02 | $72.99 | NM saves $26.97 |
| Electric Fireplace | $25.77 | $40.87 | NM saves $15.10 |
Bottom Line: New Mexico vs New York
New Mexico is the more affordable state for electricity, with rates 37.0% lower than New York. An average household would save about $276.00/year by living in New Mexico.
New Mexico gets its electricity primarily from Natural Gas with 28.0% renewable, while New York relies on Natural Gas with 28.0% renewable.
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Frequently Asked Questions
Is electricity cheaper in New Mexico or New York?
Electricity is cheaper in New Mexico at 15.34¢/kWh compared to New York at 24.33¢/kWh. That's a 37.0% difference, saving about $23.00/month on an average residential bill.
What is the average electricity bill in New Mexico vs New York?
The average monthly electricity bill is $100 in New Mexico and $123 in New York. The national average is $134.
Which state uses more renewable energy, New Mexico or New York?
New York has a higher renewable energy percentage at 28.0%, compared to 28.0% in New Mexico.
What are the main energy sources in New Mexico and New York?
New Mexico primarily uses Natural Gas, while New York relies on Natural Gas.
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Data verified March 2026 · Source: U.S. Energy Information Administration (EIA)