State data
New Mexico electricity and gas prices
New Mexico's average residential electricity rate is 14¢/kWh,below the national average by 12%. Gasoline averages $3.15/gallon, below the national average by 4%. That ranks New Mexico #25 of 51 for cheapest electricity.
Data last updated: 2026-01-01. Sources: U.S. Energy Information Administration (EIA), state average residential electricity price; AAA, state average regular gasoline price.
Electricity rate
14¢/kWh
Gasoline price
$3.15/gal
Example: 12,000 miles a year in New Mexico
A gas car at 28 MPG driving 12,000 miles a year in New Mexico spends about $1,350 on gasoline. An EV at 3.5 mi/kWh charging at home over the same distance spends about $480 on electricity — a difference of $870 a year.
Run your own numbers for New Mexico in the full calculator →
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