Banks Electricity Rates

Commercial electricity rates in Banks

• Commercial Electricity in Banks
• • The average commercial electricity rate in Banks is 7.99¢/kWh.^[1]
  • This average (commercial) electricity rate in Banks is 3.63% greater than the Arkansas average rate of 7.71¢/kWh.^[2]
  • The average (commercial) electricity rate in Banks is 20.81% 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 Banks

• Residential Electricity in Banks
• • The average residential electricity rate in Banks is 9.87¢/kWh.^[1]
  • This average (residential) electricity rate in Banks is 6.13% greater than the Arkansas average rate of 9.3¢/kWh.^[2]
  • The average (residential) electricity rate in Banks is 16.92% 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 Banks

• Industrial Electricity in Banks
• • The average industrial electricity rate in Banks is 6.57¢/kWh.^[1]
  • This average (industrial) electricity rate in Banks is 14.06% greater than the Arkansas average rate of 5.76¢/kWh.^[2]
  • The average (industrial) electricity rate in Banks is 1.5% 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 Arkansas

• Commercial electricity rates in AR ^[3]
• • The average commercial electricity rate in Arkansas is 7.71¢/kWh, which ranks 48th in the nation and is 23.59% less than the national average rate of 10.09¢/kWh.[3]
• Commercial electricity consumption in AR ^[3]
• • Commercial electricity consumption in Arkansas averages 5,547 kWh/month, which ranks 28th in the nation and is 11.08% less than the national average of 6,238 kWh/month.
• Commercial electricity bills in AR ^[3]
• • The average monthly commercial electricity bill in Arkansas is $428, which ranks 47th in the nation and is 31.96% less than the national average of $629.
• Learn more about commercial electricity in Arkansas

Residential electricity in Arkansas

• Residential electricity rates in Arkansas ^[3]
• • The average residential electricity rate in Arkansas is 9.3¢/kWh, which ranks 47th in the nation and is 21.72% less than the national average rate of 11.88¢/kWh.
• Residential electricity consumption in AR ^[3]
• • Residential electricity consumption in Arkansas averages 1,120 kWh/month, which ranks 8th in the nation and is 24.03% greater than the national average of 903 kWh/month.
• Residential electricity bills in AR ^[3]
• • The average monthly residential electricity bill in Arkansas is $104, which ranks 28th in the nation and is 2.8% less than the national average of $107 per month.
• Learn more about residential electricity in Arkansas

Industrial electricity in Arkansas

• Industrial electricity rates in Arkansas ^[3]
• • The average industrial electricity rate in Arkansas is 5.76¢/kWh, which ranks 40th in the nation and is 13.64% less than the national average rate of 6.67¢/kWh.
• Industrial electricity consumption in AR ^[3]
• • Industrial electricity consumption in Arkansas averages 41,384 kWh/month, which ranks 47th in the nation and is 63.1% less than the national average of 112,158 kWh/month.
• Industrial electricity bills in AR ^[3]
• • The average monthly industrial electricity bill in Arkansas is $2,386, which ranks 49th in the nation and is 68.11% less than the national average of $7,483.
• Learn more about industrial electricity in Arkansas

Banks, AR Income Breakdown ^[4]

Income Summary for Banks, AR

• • Household income: The city of Banks has a median household income of $43,050, versus $62,843 for the U.S.^[4]
  • Compared to the U.S.: Median household income in Banks is approximately 31 percent less than the median income for the entire United States.^[4]
  • Poverty level: Approximately 8.7 percent of Banks households have incomes below poverty level.^[4]
  • Electric bills: The average residential electricity bill in Arkansas is about $104/month, ranking 28th in the U.S. and 2.8% less than the national average of $107.^[5]

Income: Banks vs. Nation ^[4]