New Mexico vs Texas electricity prices: 14.85 ¢ against 15.40 ¢ per kWh
45 places apart: New Mexico #51, Texas #6 of 51, the widest of 30 measures. smart meters, share of homes New Mexico 28%, Texas 95%; average home use, kWh a month New Mexico 638, Texas 1,110. Typical bills differ by $76 a month, higher in Texas.
Over a year the typical energy bill differs by $914 ($95 a month in New Mexico, $171 in Texas). Since 2015 the home price rose +19.1% in New Mexico and +33.2% in Texas: 14.1 points more in Texas. Against the U.S. home average New Mexico sits at -13.8% and Texas at -10.6%.
New Mexico against Texas: widest gaps
| Measure | New Mexico | Texas | Gap | Rank (of 51) |
|---|---|---|---|---|
| Typical monthly bill, energy only | $95 | $171 | -$76 | #51 / #6 |
| Smart meters, share of homes | 28% | 95% | -66.7 points | #47 / #7 |
| Average home use, kWh a month | 638 | 1,110 | -472 | #42 / #5 |
| Homes on retail supply | 0.0% | 55.7% | -55.7 points | #38 / #3 |
| Bill as share of income | 1.83% | 2.69% | -0.9 points | #42 / #10 |
| Heat pump saving on gas | -45% | +24% | -69.0 points | #39 / #7 |
| Heat pump break-even COP | 4.36 | 2.29 | +2.07 | #7 / #39 |
| Time-of-use utilities | 73% | 36% | +36.8 points | #8 / #33 |
| Price change since 2015 | +19% | +33% | -14.1 points | #46 / #22 |
| Median household income | $62,125 | $76,292 | -$14,167 | #46 / #22 |
30 measures compared for New Mexico and Texas; the CSV holds the 10 widest.
CSVNew Mexico and Texas: price over time
Home price, New Mexico and Texas, 2010 to 2025: 16 rows
| Year | New Mexico | Texas | Gap to U.S. |
|---|---|---|---|
| 2010 | 10.52 | 11.60 | -1.02 |
| 2011 | 11.00 | 11.08 | -0.72 |
| 2012 | 11.37 | 10.98 | -0.51 |
| 2013 | 11.68 | 11.35 | -0.45 |
| 2014 | 12.28 | 11.86 | -0.24 |
| 2015 | 12.47 | 11.56 | -0.18 |
| 2016 | 12.03 | 10.99 | -0.52 |
| 2017 | 12.88 | 11.01 | -0.01 |
| 2018 | 12.68 | 11.20 | -0.19 |
| 2019 | 12.51 | 11.76 | -0.50 |
| 2020 | 12.94 | 11.71 | -0.21 |
| 2021 | 13.52 | 12.11 | -0.14 |
| 2022 | 13.84 | 13.76 | -1.20 |
| 2023 | 13.85 | 14.46 | -2.15 |
| 2024 | 14.20 | 14.94 | -2.28 |
| 2025 | 14.85 | 15.40 | -2.38 |
New Mexico 10.52 to 14.85 ¢ and Texas 11.60 to 15.40 ¢ between 2010 and 2025 (EIA).
CSVTypical bill by month, New Mexico and Texas: 12 rows
| Month | New Mexico | Texas |
|---|---|---|
| Jan | 98 | 174 |
| Feb | 81 | 154 |
| Mar | 76 | 130 |
| Apr | 70 | 128 |
| May | 76 | 157 |
| Jun | 111 | 195 |
| Jul | 136 | 226 |
| Aug | 136 | 232 |
| Sep | 107 | 205 |
| Oct | 81 | 173 |
| Nov | 76 | 129 |
| Dec | 88 | 148 |
Monthly typical bill: $70 to $136 in New Mexico, $128 to $232 in Texas.
CSVYour bill in New Mexico and in Texas
New Mexico and Texas on the map
Where New Mexico and Texas are alike
- Industry price 2025, ¢/kWh: 5.85 and 6.35
- Hydro share of generation: 0.3% and 0.1%
- CO2 per MWh of generation, lb: 770 and 768
Sources and dates: data sources.
Questions
Is New Mexico or Texas higher on typical monthly bill?
Texas, by $76; they rank #51 and #6 of 51.
Is New Mexico or Texas higher on smart meters?
Texas, by 66.7 points; they rank #47 and #7 of 51.
Is New Mexico or Texas higher on average home use?
Texas, by 472; they rank #42 and #5 of 51.
Is New Mexico or Texas higher on homes on retail supply?
Texas, by 55.7 points; they rank #38 and #3 of 51.
Is New Mexico or Texas higher on bill as share of income?
Texas, by 0.9 points; they rank #42 and #10 of 51.
What would 874 kWh a month cost in New Mexico and in Texas?
New Mexico $130, Texas $135: $5 apart, energy only.
Where do New Mexico and Texas match most closely?
industry price 2025, ¢/kWh (5.85 and 6.35); hydro share of generation (0.3% and 0.1%); CO2 per mwh of generation, lb (770 and 768).