Average Cost of Electricity by State — Where Does Your State Land?

The cost of electricity in the U.S. is soaring. The reason? A few, including the volatile costs for natural gas, increasing wildfire risk, an essentially overwhelmed national grid and, of course, inflation. But some states are even more expensive when it comes to electricity costs than other states. 

In a new study, GOBankingRates found the average cost of electricity in each state. Where does your state fall?

• Utilities cost of living index: 198.8
• Annual average electricity cost: $3,556.21 
• Average monthly utility cost: $296.35 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 42.45

• Utilities cost of living index: 151
• Annual average electricity cost: $2,701.15 
• Average monthly utility cost: $225.10 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 28.15

• Utilities cost of living index: 147.4
• Annual average electricity cost: $2,636.75 
• Average monthly utility cost: $219.73 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 25.40

• Utilities cost of living index: 141.9
• Annual average electricity cost: $2,538.36 
• Average monthly utility cost: $211.53 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 32.99

• Utilities cost of living index: 135.1
• Annual average electricity cost: $2,416.72 
• Average monthly utility cost: $201.39 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 26.00

• Utilities cost of living index: 133.3
• Annual average electricity cost: $2,384.52 
• Average monthly utility cost: $198.71 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 27.03

• Utilities cost of living index: 112.8
• Annual average electricity cost: $2,017.81 
• Average monthly utility cost: $168.15 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 21.91

• Utilities cost of living index: 110.5
• Annual average electricity cost: $1,976.67 
• Average monthly utility cost: $164.72 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 22.44

• Utilities cost of living index: 109.6
• Annual average electricity cost: $1,960.57 
• Average monthly utility cost: $163.38 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 22.26

• Utilities cost of living index: 109.2
• Annual average electricity cost: $1,953.41 
• Average monthly utility cost: $162.78 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 17.41

• Utilities cost of living index: 106.4
• Annual average electricity cost: $1,903.33 
• Average monthly utility cost: $158.61 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 15.50

• Utilities cost of living index: 105.4
• Annual average electricity cost: $1,885.44 
• Average monthly utility cost: $157.12 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 17.68

• Utilities cost of living index: 105.3
• Annual average electricity cost: $1,883.65 
• Average monthly utility cost: $156.97 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 15.14

• Utilities cost of living index: 103.5
• Annual average electricity cost: $1,851.45 
• Average monthly utility cost: $154.29 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 14.47

• Utilities cost of living index: 102.2
• Annual average electricity cost: $1,828.19 
• Average monthly utility cost: $152.35 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 19.88

• Utilities cost of living index: 101.4
• Annual average electricity cost: $1,813.88 
• Average monthly utility cost: $151.16 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 15.92

• Utilities cost of living index: 101.1
• Annual average electricity cost: $1,808.52 
• Average monthly utility cost: $150.71 
• Average retail price of electricity to residential Sector (cents/kWh), June 2024: 16.15

• Utilities cost of living index: 100.6
• Annual average electricity cost: $1,799.57 
• Average monthly utility cost: $149.96 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 13.89

• Utilities cost of living index: 99.8
• Annual average electricity cost: $1,785.26 
• Average monthly utility cost: $148.47 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 14.64

• Utilities cost of living index: 99.8
• Annual average electricity cost: $1,785.26 
• Average monthly utility cost: $148.77 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 14.18

• Utilities cost of living index: 99.6
• Annual average electricity cost: $1,781.68 
• Average monthly utility cost: $148.47 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 15.31

• Utilities cost of living index: 99.4
• Annual average electricity cost: $1,778.11 
• Average monthly utility cost: $148.18 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 15.03

• Utilities cost of living index: 99.4
• Annual average electricity cost: $1,778.11 
• Average monthly utility cost: $148.18 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 19.88

• Utilities cost of living index: 99.4
• Annual average electricity cost: $1,778.11 
• Average monthly utility cost: $148.18 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 24.51

• Utilities cost of living index: 98.7
• Annual average electricity cost: $1,765.59 
• Average monthly utility cost: $147.13 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 16.29

• Utilities cost of living index: 98.6
• Annual average electricity cost: $1,763.80 
• Average monthly utility cost: $146.98 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 14.22

• Utilities cost of living index: 98.5
• Annual average electricity cost: $1,762.01 
• Average monthly utility cost: $146.83 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 15.48

• Utilities cost of living index: 97.6
• Annual average electricity cost: $1,745.91 
• Average monthly utility cost: $145.49 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 15.53

• Utilities cost of living index: 97.2
• Annual average electricity cost: $1,738.75 
• Average monthly utility cost: $144.90 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 16.38

• Utilities cost of living index: 97
• Annual average electricity cost: $1,735.17 
• Average monthly utility cost: $144.60 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 13.72

• Utilities cost of living index: 95.5
• Annual average electricity cost: $1,708.34 
• Average monthly utility cost: $142.36 
• Average retail price of electricity to residential sector, June 2024: 11.50

• Utilities cost of living index: 93.4
• Annual average electricity cost: $1,670.78 
• Average monthly utility cost: $139.23 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 12.37

• Utilities cost of living index: 91.8
• Annual average electricity cost: $1,642.16 
• Average monthly utility cost: $136.85 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 12.36

• Utilities cost of living index: 91.8
• Annual average electricity cost: $1,642.16 
• Average monthly utility cost: $136.85 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 12.34

• Utilities cost of living index: 91.3
• Annual average electricity cost: $1,633.21 
• Average monthly utility cost: $136.10 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 14.82

• Utilities cost of living index: 90.9
• Annual average electricity cost: $1,626.06 
• Average monthly utility cost: $135.50 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 12.90

• Utilities cost of living index: 89.6
• Annual average electricity cost: $1,602.80 
• Average monthly utility cost: $133.57 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 15.21

• Utilities cost of living index: 89.3
• Annual average electricity cost: $1,597.43   
• Average monthly utility cost: $133.12  
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 15.12

• Utilities cost of living index: 89.1
• Annual average electricity cost: $1,593.86 
• Average monthly utility cost: $132.82 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 14.89

• Utilities cost of living index: 88.5
• Annual average electricity cost: $1,583.12 
• Average monthly utility cost: $131.93 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 12.92

• Utilities cost of living index: 87.8
• Annual average electricity cost: $1,570.60 
• Average monthly utility cost: $130.88 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 12.57

• Utilities cost of living index: 87.8
• Annual average electricity cost: $1,570.60 
• Average monthly utility cost: $130.88 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 17.60

• Utilities cost of living index: 87
• Annual average electricity cost: $1,556.29 
• Average monthly utility cost: $129.69 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 13.42

• Utilities cost of living index: 84.4
• Annual average electricity cost: $1,509.78 
• Average monthly utility cost: $125.82 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 14.44

• Utilities cost of living index: 83.9
• Annual average electricity cost: $1,500.84 
• Average monthly utility cost: $125.07 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 13.58

• Utilities cost of living index: 83.5
• Annual average electricity cost: $1,493.68 
• Average monthly utility cost: $124.47 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 14.15

• Utilities cost of living index: 79.7
• Annual average electricity cost: $1,425.71 
• Average monthly utility cost: $118.81 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 12.87

• Utilities cost of living index: 79.5
• Annual average electricity cost: $1,422.13 
• Average monthly utility cost: $118.51 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 13.65

• Utilities cost of living index: 78.6
• Annual average electricity cost: $1,406.03 
• Average monthly utility cost: $117.17 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 12.28

• Utilities cost of living index: 78.3
• Annual average electricity cost: $1,400.66 
• Average monthly utility cost: $116.72 
• Average retail price of electricity to residential sector (cents/kWh), June 2024: 11.42

Methodology: For this piece, GOBankingRates used the Bureau of Labor Statistics 2022 Consumer Expenditure Survey to find the national annual average for electricity and then calculated that figure into 2024 dollars. From there GOBankingRates used the Missouri Economic Information and Research Center’s Q2 2024 cost of living data series to factor out annual and monthly electricity costs for every state. GOBankingRates also used EIA Average Retail Price of Electricity to Residential Sector, June 2024 (cents/kWh) for supplemental data. All data was collected and up to date as of Sept. 24, 2024.