Cost to Run a Electric Water Heater in New York
New York's average residential electricity rate is 29.9¢/kWh as of May 2026 — the 49th cheapest in the country, 63% above the U.S. average. At typical usage (2.9 hours/day), a electric water heater here costs $119 per month.
Per hour
$1.35
at 3,500–5,500 W
Per day
$3.90
2.9 hours/day
Per month
$119
397 kWh
Per year
$1,424
4,763 kWh
By usage level in New York
| Usage | Per day | Per month | Per year |
|---|---|---|---|
| Light (1.45 hrs/day) | $1.95 | $59.31 | $712 |
| Typical (2.9 hrs/day) | $3.90 | $119 | $1,424 |
| Heavy (5.8 hrs/day) | $7.80 | $237 | $2,848 |
New York vs. the rest of the country
Monthly cost at typical usage.
Frequently asked questions
How much does it cost to run a electric water heater in New York?
At New York's current average residential rate of 29.9¢/kWh (May 2026), a electric water heater with typical usage costs about $3.90 per day, $119 per month, or $1,424 per year.
Is running a electric water heater in New York more expensive than average?
Yes. New York's electricity costs about 63% more than the U.S. average, so the same usage costs $119 per month here versus $73.00 nationally.
What does electricity cost in New York right now?
New York residents pay an average of 29.9¢ per kWh as of May 2026 — the 49th cheapest rate of the 51 U.S. jurisdictions we track.