Cost to Run a Electric Oven in New Mexico
New Mexico's average residential electricity rate is 14.1¢/kWh as of May 2026 — the 9th cheapest in the country, 23% below the U.S. average. At typical usage (1 hour/day), a electric oven here costs $10.29 per month.
Per hour
$0.34
at 2,000–5,000 W
Per day
$0.34
1 hour/day
Per month
$10.29
73 kWh
Per year
$124
876 kWh
By usage level in New Mexico
| Usage | Per day | Per month | Per year |
|---|---|---|---|
| Light (0.5 hrs/day) | $0.17 | $5.14 | $61.76 |
| Typical (1 hrs/day) | $0.34 | $10.29 | $124 |
| Heavy (2 hrs/day) | $0.68 | $20.57 | $247 |
New Mexico vs. the rest of the country
Monthly cost at typical usage.
Frequently asked questions
How much does it cost to run a electric oven in New Mexico?
At New Mexico's current average residential rate of 14.1¢/kWh (May 2026), a electric oven with typical usage costs about $0.34 per day, $10.29 per month, or $124 per year.
Is running a electric oven in New Mexico more expensive than average?
No — it's cheaper. New Mexico's rate is about 23% below the U.S. average: $10.29 per month here versus $13.42 nationally.
What does electricity cost in New Mexico right now?
New Mexico residents pay an average of 14.1¢ per kWh as of May 2026 — the 9th cheapest rate of the 51 U.S. jurisdictions we track.