Electricity Cost in 47023 47023, IN
Data verified March 2026 · Source: U.S. Energy Information Administration (EIA)
15.42¢
per kWh
$145
avg monthly bill
$1740
annual cost
2.2%
energy burden
Rate Comparison
| Location | Rate (¢/kWh) | Monthly Bill |
|---|---|---|
| 47023 47023 | 15.42¢ | $145 |
| Indiana (state avg) | 15.42¢ | $145 |
| National Average | 17.22¢ | $134 |
Energy Burden
Households in 47023 47023 spend approximately 2.2% of their median income ($78,070/year) on electricity. The U.S. Department of Energy considers an energy burden above 6% to be "high." At 2.2%, this ZIP code is within the affordable range.
Appliance Running Costs in 47023
| Appliance | Watts | Monthly Cost |
|---|---|---|
| Air Purifier | 50W | $5.5512 |
| Blender | 400W | $0.18504 |
| CFL Bulb (13W) | 13W | $0.48110400000000003 |
| Cable / Satellite Box | 35W | $3.88584 |
| Ceiling Fan | 75W | $4.1634 |
| Central Air Conditioner | 3500W | $129.528 |
| Chest Freezer | 80W | $8.881920000000001 |
| Clothes Dryer (Electric) | 3000W | $13.878 |
| Coffee Maker | 900W | $1.04085 |
| Crypto Mining Rig | 1500W | $166.536 |
Based on 15.42¢/kWh electricity rate and typical daily usage hours.
Other ZIP Codes in Indiana
Frequently Asked Questions
What is the average electricity rate in 47023 47023?
The average residential electricity rate in 47023 47023, IN is 15.42¢ per kWh, which is near the national average of 17.22¢/kWh.
How much is the average electric bill in 47023?
The estimated average monthly electricity bill in 47023 47023 is $145, or about $1740 per year.
What is the energy burden in 47023?
The energy burden in 47023 47023 is approximately 2.2% of median household income ($78,070/year).