Lovington Electricity Rates

Commercial electricity rates in Lovington

• Commercial Electricity in Lovington
• • The average commercial electricity rate in Lovington is 6.72¢/kWh.^[1]
  • This average (commercial) electricity rate in Lovington is 27.9% less than the New Mexico average rate of 9.32¢/kWh.^[2]
  • The average (commercial) electricity rate in Lovington is 33.4% less than the national average rate of 10.09¢/kWh. Commercial rates in the U.S. range from 6.86¢/kWh to 34.88¢/kWh.^[2]

Residential electricity rates in Lovington

• Residential Electricity in Lovington
• • The average residential electricity rate in Lovington is 7.97¢/kWh.^[1]
  • This average (residential) electricity rate in Lovington is 29.9% less than the New Mexico average rate of 11.37¢/kWh.^[2]
  • The average (residential) electricity rate in Lovington is 32.91% less than the national average rate of 11.88¢/kWh. Residential rates in the U.S. range from 8.37¢/kWh to 37.34¢/kWh.^[2]

Industrial electricity rates in Lovington

• Industrial Electricity in Lovington
• • The average industrial electricity rate in Lovington is 5.08¢/kWh.^[1]
  • This average (industrial) electricity rate in Lovington is 12.86% less than the New Mexico average rate of 5.83¢/kWh.^[2]
  • The average (industrial) electricity rate in Lovington is 23.84% less than the national average rate of 6.67¢/kWh. Industrial rates in the U.S. range from 4.13¢/kWh to 30.82¢/kWh.^[2]

Commercial electricity in New Mexico

• Commercial electricity rates in NM ^[3]
• • The average commercial electricity rate in New Mexico is 9.32¢/kWh, which ranks 27th in the nation and is 7.63% less than the national average rate of 10.09¢/kWh.[3]
• Commercial electricity consumption in NM ^[3]
• • Commercial electricity consumption in New Mexico averages 5,558 kWh/month, which ranks 27th in the nation and is 10.9% less than the national average of 6,238 kWh/month.
• Commercial electricity bills in NM ^[3]
• • The average monthly commercial electricity bill in New Mexico is $518, which ranks 31st in the nation and is 17.65% less than the national average of $629.
• Learn more about commercial electricity in New Mexico

Residential electricity in New Mexico

• Residential electricity rates in New Mexico ^[3]
• • The average residential electricity rate in New Mexico is 11.37¢/kWh, which ranks 25th in the nation and is 4.29% less than the national average rate of 11.88¢/kWh.
• Residential electricity consumption in NM ^[3]
• • Residential electricity consumption in New Mexico averages 656 kWh/month, which ranks 42nd in the nation and is 27.35% less than the national average of 903 kWh/month.
• Residential electricity bills in NM ^[3]
• • The average monthly residential electricity bill in New Mexico is $75, which ranks 51st in the nation and is 29.91% less than the national average of $107 per month.
• Learn more about residential electricity in New Mexico

Industrial electricity in New Mexico

• Industrial electricity rates in New Mexico ^[3]
• • The average industrial electricity rate in New Mexico is 5.83¢/kWh, which ranks 38th in the nation and is 12.59% less than the national average rate of 6.67¢/kWh.
• Industrial electricity consumption in NM ^[3]
• • Industrial electricity consumption in New Mexico averages 73,331 kWh/month, which ranks 38th in the nation and is 34.62% less than the national average of 112,158 kWh/month.
• Industrial electricity bills in NM ^[3]
• • The average monthly industrial electricity bill in New Mexico is $4,276, which ranks 41st in the nation and is 42.86% less than the national average of $7,483.
• Learn more about industrial electricity in New Mexico

Lovington, NM Income Breakdown ^[4]

Income Summary for Lovington, NM

• • Household income: The city of Lovington has a median household income of $53,684, versus $62,843 for the U.S.^[4]
  • Compared to the U.S.: Median household income in Lovington is approximately 15 percent less than the median income for the entire United States.^[4]
  • Poverty level: Approximately 10.9 percent of Lovington households have incomes below poverty level.^[4]
  • Electric bills: The average residential electricity bill in New Mexico is about $75/month, ranking 51st in the U.S. and 29.91% less than the national average of $107.^[5]

Income: Lovington vs. Nation ^[4]