Wisconsin Named Among States with the Cheapest Electric Bills, According to New Study

Wisconsin named among states with the cheapest electric bills, according to new study

New study reveals the states with the cheapest electric bills, with Utah topping the ranking

• A new study has revealed the cheapest and most expensive states to relocate to, based on the average cost of electric bills
• Utah is named as the state with the cheapest electric bills, while Hawaii has the most costly electric bills in the U.S.
• The study examined the data from the U.S. Energy Information Administration to determine the average cost of electric bills for each state, which then determined the final ranking 

A new study has revealed the cheapest and most expensive states to relocate to based on the cost of electric bills.

Energy experts at Texas Electricity Ratings analyzed data from the U.S. Energy Information Administration to determine each state’s average cost of electric bills.

The data was subsequently used to identify the most expensive states to relocate to.

The study then compared data from the U.S. Census to determine the 10 states with the fastest growth rates in 2023, which are as follows: Florida, Texas, North Carolina, South Carolina, Tennessee, Georgia, Arizona, Alabama, Oklahoma, and Idaho.

For each state, the study compared the average electric bill cost to those in the destination states to determine how much the state could save or lose by moving there.

The study found that Utah has the lowest electric bill costs in the U.S., with residents paying an average of $93.21 a month. Moving from Utah to Hawaii is the most expensive relocation in the study, with residents having to pay an additional $126.48 per month, or $1,517.56 annually.

New Mexico has the second-cheapest electric bill costs, with residents paying an average of $101.40 per month.

Colorado is in third place, with an average monthly fee of $107.17 for electric bills.

Illinois takes the fourth spot, with residents paying an average monthly fee of $110.58, while Wisconsin is in fifth place, with an average monthly electric bill cost of $119.31.

The top 10 states with the cheapest electric bill costs:

On the other end of the scale, Hawaii has the most expensive electric bill cost of $219.69 per month. The study found that residents in Hawaii could save a staggering $96.80 per month by relocating to Idaho, which is around $1,161.60 a year. Another cost-effective move would be to relocate to Tennessee, which would save residents $72.96 a month.

While the state’s electric bills were highest in the ranking, the study did find that Hawaii’s natural gas bills are among the lowest in the U.S., averaging $53.88 per month.

Connecticut has the second-highest average electric bills, at an average cost of $200.49 a month. The study found that Connecticut residents paid the highest bills and could save an average of $77.60 per month, or $931.20 annually, by relocating to Idaho. Another cost-effective migration idea would be Oklahoma, which would save residents $50.98 a year.

California is in third place, with an average monthly electric bill cost of $174.26. According to the study, some cost-effective migration ideas for residents in California include moving to Idaho, which would save an average of $51.37 per month, and relocating to North Carolina, which would save an average of $25.08 per month.

Texas is revealed to have the fourth-highest average electric bill costs, coming in at an average of $171 a month, $2,052 annually. Moving to Tennessee would save Texans an average of $24.27 per month.

Maryland is in fifth place, with an average electric bill cost of $167.11 a month. The study found that residents in Maryland would save an average of $44.22 a month by moving to Idaho. However, switching locations to Texas would cost Maryland residents an additional $46.68 annually. Maryland also appears among the states with the highest natural gas costs, coming in at an average of $109.58 per month.

The top 10 states with the highest electric bill costs:

Karl Trollinger, the CEO of Texas Electricity Ratings, commented: 

“Data from the U.S. Census demonstrates that there is an ongoing post-pandemic trend for Americans to move south. However, many movers don’t realize how some of their new utility bills may compare to those they left behind.

“On average, movers could expect higher electricity bills when relocating to states such as Tennessee, Texas, and Arizona.

“With the exceptions of Hawaii and Connecticut, most people relocating to these top ten destination states can expect higher electricity bills compared to their previous locations. The amounts can range from a few cents to over $82 depending on which state they left.

“If you’re considering relocating, it’s essential to consider the increase or decrease of utility bills in comparison to your current location. Regional variations in electricity rates can lead to substantial differences in monthly utility costs, so failing to consider this factor can significantly impact your overall cost of living.”

This information was provided by energy experts at Texas Electricity Ratings.

[ENDS]

Story credit: https://www.texaselectricityratings.com/resources/study-moving-and-energy-cost-comparison

Methodology 

• The study examined data from the U.S. Energy Information Administration to determine the average electric bill cost of each US state. The states with the highest average monthly costs then determined the final ranking.
• Using this data, the study then compared the average cost of electric bills to those in the top 10 destination states to determine how much each state could save or lose by relocating there.
• The top 10 destination states are as follows: Florida, Texas, North Carolina, South Carolina, Tennessee, Georgia, Arizona, Alabama, Oklahoma, and Idaho

Sources:

The complete study by Texas Electricity Ratings: https://www.texaselectricityratings.com/resources/study-moving-and-energy-cost-comparison

U.S. Census: https://www.census.gov/data/tables/time-series/demo/popest/2020s-counties-total.html

U.S. Energy Information Administration: https://www.eia.gov/electricity/

The complete ranking from most expensive to cheapest electric bill costs:

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Wisconsin Named Among States with the Cheapest Electric Bills, According to New Study

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Author: David Keech

David Keech is a retired teacher and works as a sportswriter, sports official and as an educational consultant. He has reported on amateur sports since 2011, known as 'KeechDaVoice.' David can be reached at [email protected]