Spencer Electricity Rates

Commercial electricity rates in Spencer

• Commercial Electricity in Spencer
• • The average commercial electricity rate in Spencer is 8.46¢/kWh.^[1]
  • This average (commercial) electricity rate in Spencer is 4.44% greater than the South Dakota average rate of 8.1¢/kWh.^[2]
  • The average (commercial) electricity rate in Spencer is 16.15% 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 Spencer

• Residential Electricity in Spencer
• • The average residential electricity rate in Spencer is 9.6¢/kWh.^[1]
  • This average (residential) electricity rate in Spencer is 4.67% less than the South Dakota average rate of 10.07¢/kWh.^[2]
  • The average (residential) electricity rate in Spencer is 19.19% 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 Spencer

• Industrial Electricity in Spencer
• • The average industrial electricity rate in Spencer is 6.85¢/kWh.^[1]
  • This average (industrial) electricity rate in Spencer is 4.26% greater than the South Dakota average rate of 6.57¢/kWh.^[2]
  • The average (industrial) electricity rate in Spencer is 2.7% greater 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 South Dakota

• Commercial electricity rates in SD ^[3]
• • The average commercial electricity rate in South Dakota is 8.1¢/kWh, which ranks 41st in the nation and is 19.72% less than the national average rate of 10.09¢/kWh.[3]
• Commercial electricity consumption in SD ^[3]
• • Commercial electricity consumption in South Dakota averages 5,513 kWh/month, which ranks 31st in the nation and is 11.62% less than the national average of 6,238 kWh/month.
• Commercial electricity bills in SD ^[3]
• • The average monthly commercial electricity bill in South Dakota is $446, which ranks 43rd in the nation and is 29.09% less than the national average of $629.
• Learn more about commercial electricity in South Dakota

Residential electricity in South Dakota

• Residential electricity rates in South Dakota ^[3]
• • The average residential electricity rate in South Dakota is 10.07¢/kWh, which ranks 39th in the nation and is 15.24% less than the national average rate of 11.88¢/kWh.
• Residential electricity consumption in SD ^[3]
• • Residential electricity consumption in South Dakota averages 980 kWh/month, which ranks 23rd in the nation and is 8.53% greater than the national average of 903 kWh/month.
• Residential electricity bills in SD ^[3]
• • The average monthly residential electricity bill in South Dakota is $99, which ranks 32nd in the nation and is 7.48% less than the national average of $107 per month.
• Learn more about residential electricity in South Dakota

Industrial electricity in South Dakota

• Industrial electricity rates in South Dakota ^[3]
• • The average industrial electricity rate in South Dakota is 6.57¢/kWh, which ranks 23rd in the nation and is 1.5% less than the national average rate of 6.67¢/kWh.
• Industrial electricity consumption in SD ^[3]
• • Industrial electricity consumption in South Dakota averages 78,516 kWh/month, which ranks 36th in the nation and is 30% less than the national average of 112,158 kWh/month.
• Industrial electricity bills in SD ^[3]
• • The average monthly industrial electricity bill in South Dakota is $5,159, which ranks 37th in the nation and is 31.06% less than the national average of $7,483.
• Learn more about industrial electricity in South Dakota

Spencer, SD Income Breakdown ^[4]

Income Summary for Spencer, SD

• • Household income: The city of Spencer has a median household income of $64,107, versus $62,843 for the U.S.^[4]
  • Compared to the U.S.: Median household income in Spencer is approximately 2 percent greater than the median income for the entire United States.^[4]
  • Poverty level: Approximately 1.6 percent of Spencer households have incomes below poverty level.^[4]
  • Electric bills: The average residential electricity bill in South Dakota is about $99/month, ranking 32nd in the U.S. and 7.48% less than the national average of $107.^[5]

Income: Spencer vs. Nation ^[4]