The average monthly bill for electricity is roughly $111.70 for New Jersey homeowners as of January 2022. We calculated this number based on the most recent data from the EIA that shows New Jersey’s average price for electricity is 16.32 cents per kWh and the average monthly consumption is 683 kWh.
Is electricity cheaper in NJ?
The average New Jersey commercial electricity rate is 13.42 ¢/kWh (14% higher than the national average). The average New Jersey residential electricity rate is 16.93 ¢/kWh (17% higher than the national average).
Is electricity expensive in NJ?
As you compare, consider that the average residential electricity rate in New Jersey is $0.1614 per kWh*. That’s higher than the U.S. national average, $0.1275 per kWh. Remember that the supply cost – or price per kilowatt hour – is just part of the overall cost for electricity in your utility bill.
What is the average electric bill in New Jersey?
Utilities. While housing costs are high whether you rent or buy, there is some good financial news in the Garden State. According to the March 2022 Save on Energy Electricity Bill Report, New Jersey consumes an average of 683 kWh per month. They pay an average monthly energy bill of $109.28.
What Time Is electricity cheaper in NJ?
With the Short Peak rate, you can take advantage of Off Peak (lower cost) periods starting at 7pm and then the cheapest Super Off Peak from 10pm until 6am the next day on weekdays. There is only one 3 hour period (4pm until 7pm) during weekdays when energy costs fall in the peak pricing time period.
Where is the cheapest electricity in the USA?
Across all sectors, Hawaii has the highest electricity rate (27.55 cents), and Louisiana has the lowest electricity rate (7.51 cents). The archive has reports from prior years.
How much do utilities cost in NJ?
According to an article published by SmartAsset in 2019, the average monthly energy bill in New Jersey is approximately $102.38 — which is $9 cheaper than the average throughout the United States. However, utility bills for New Jersey residents do tend to be higher if they live in cities.
Is electricity cheaper at night in NJ?
The RLM rate varies the price of electricity between ‘peak’ and ‘off-peak’ hours of the day and by season. If you choose to be billed on this rate, you will pay a higher rate during ‘peak’ hours (7:00am-9:00pm, Monday through Friday) and a lower rate during ‘off-peak’ hours (9:00am-7:00am and anytime on weekends).
How much is average water bill in NJ?
about $53.45 per month
Water bills in the state are separated into wastewater and regular water. Residents can expect average water bills of about $53.45 per month and wastewater bills of about $58.70. This creates a combined monthly water bill of about $112 per household.
How much is gas a month NJ?
Philadelphia (NJ Only)
| Regular | Mid | |
|---|---|---|
| Current Avg. | $4.311 | $4.824 |
| Yesterday Avg. | $4.328 | $4.840 |
| Week Ago Avg. | $4.404 | $4.941 |
| Month Ago Avg. | $4.779 | $5.306 |
How much money do you need to live comfortably in NJ?
Typical Expenses
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 0 Children | |
| Required annual income after taxes | $34,445 | $51,443 |
| Annual taxes | $8,330 | $12,442 |
| Required annual income before taxes | $42,775 | $63,885 |
How much does it cost to live in NJ?
Our cost of living indices are based on a US average of 100. An amount below 100 means New Jersey is cheaper than the US average.
New Jersey cost of living is 120.4.
| COST OF LIVING | New Jersey | United States |
|---|---|---|
| Health | 88.4 | 100 |
| Housing | 142.4 | 100 |
| Median Home Cost | $397,900 | $291,700 |
| Utilities | 109.2 | 100 |
Is it cheaper to live in Texas or New Jersey?
The cost of living in Texas is only slightly higher than the national average, but with lower unemployment rates, it makes Texas an attractive place to live for many. It is certainly more affordable than New Jersey, with Dallas coming in around 45% cheaper than Jersey City and Houston nearly 52% cheaper.
What is the cheapest time of day to use power?
Electricity is often cheaper late at night or early in the morning, so those will be the times when you can save money on your electric bill. This is because these are typical off-peak hours when not as many people are using electricity.
Is using electricity at night cheaper?
Usually – the 7 hours of off-peak electricity rates at night are usually cheaper, but you can check with your energy supplier to be sure.
What are off-peak hours?
You use off-peak to describe something that happens or that is used at times when there is least demand for it. Prices at off-peak times are often lower than at other times.
What state has most expensive electricity?
Electricity Rates By State
- The Average Electricity Rate in the U.S. is 10.42 cents per kilowatt-hour.
- Hawaii has the highest average electricity rate of 30.55 cents per kilowatt-hour.
- Louisiana has the lowest average electricity rate of 7.01cents per kilowatt-hour.
What state has the cheapest electric?
Prices are in cents per kWh. Hover over any state to see its average price of electricity. Hawaii leads the lot by being the most expensive state for electricity (34.43 cents) while Washington is the cheapest state (9.35 cents).
Which states have the cheapest utilities?
Full Rankings
| Cost Ranking | State | Rate (cents/kWh) |
|---|---|---|
| 1 | New Mexico | 12.04 |
| 2 | Utah | 9.97 |
| 3 | Colorado | 11.9 |
| 4 | Illinois | 12.3 |
Is it cheaper to live in NJ?
One of the only downsides of moving to New Jersey is the high cost of living. It costs about 20% more than the national average to live there. But if you’re on a budget, you can relocate to a more affordable part of the Garden State to save money. Here are ten of the best, cheapest places to live in New Jersey.
Is it cheaper to live in Jersey?
According to the site, the cost of living in Jersey is 114.14% higher than in the United States, and 117.11% higher than the UK. The cost of living in Jersey is said to be this much higher than the US. The cost of living in Jersey is said to be this much higher than the UK.