Electric Bill Calculator for New Mexico

$128

The average residential electricity price in New Mexico is 14.81¢ per kWh (EIA, March 2026). A home using the U.S. average of 865 kWh a month would pay about $128 for energy, or $1,537 a year, before fixed charges and taxes.

Estimated monthly electric bill in New Mexico by usage

Usage per monthMonthly billPer year
500 kWh$74.05$889
865 kWh$128$1,537
1,000 kWh$148$1,777
1,500 kWh$222$2,666
2,000 kWh$296$3,554

Adjust the numbers

The calculator below is pre-filled with the numbers above. Change any value to match your project.

Monthly bill
kWh
The U.S. average home uses 865 kWh a month (EIA, 2024). Your bill shows your usage.
Estimated monthly bill$128
Per year
$1,537
Average rate in New Mexico
14.81¢ per kWh
Cost per 100 kWh
$14.81
Usage
865 kWh per month

What you will need

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How it is calculated

The bill estimate is your monthly usage in kWh multiplied by the average residential price of electricity in your state.

State prices come from the U.S. Energy Information Administration’s Electric Power Monthly, table 5.6.A (March 2026 data). The default usage of 865 kWh is the 2024 U.S. average per home, from EIA.

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