Palm Bay Electricity Rates

Commercial electricity rates in Palm Bay

• Commercial Electricity in Palm Bay
• • The average commercial electricity rate in Palm Bay is 8.72¢/kWh.^[1]
  • This average (commercial) electricity rate in Palm Bay is 9.73% less than the Florida average rate of 9.66¢/kWh.^[2]
  • The average (commercial) electricity rate in Palm Bay is 13.58% 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 Palm Bay

• Residential Electricity in Palm Bay
• • The average residential electricity rate in Palm Bay is 10.4¢/kWh.^[1]
  • This average (residential) electricity rate in Palm Bay is 8.93% less than the Florida average rate of 11.42¢/kWh.^[2]
  • The average (residential) electricity rate in Palm Bay is 12.46% 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 Palm Bay

• Industrial Electricity in Palm Bay
• • The average industrial electricity rate in Palm Bay is 6.86¢/kWh.^[1]
  • This average (industrial) electricity rate in Palm Bay is 14.68% less than the Florida average rate of 8.04¢/kWh.^[2]
  • The average (industrial) electricity rate in Palm Bay is 2.85% 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 Florida

• Commercial electricity rates in FL ^[3]
• • The average commercial electricity rate in Florida is 9.66¢/kWh, which ranks 19th in the nation and is 4.26% less than the national average rate of 10.09¢/kWh.[3]
• Commercial electricity consumption in FL ^[3]
• • Commercial electricity consumption in Florida averages 6,609 kWh/month, which ranks 16th in the nation and is 5.95% greater than the national average of 6,238 kWh/month.
• Commercial electricity bills in FL ^[3]
• • The average monthly commercial electricity bill in Florida is $639, which ranks 15th in the nation and is 1.59% greater than the national average of $629.
• Learn more about commercial electricity in Florida

Residential electricity in Florida

• Residential electricity rates in Florida ^[3]
• • The average residential electricity rate in Florida is 11.42¢/kWh, which ranks 22nd in the nation and is 3.87% less than the national average rate of 11.88¢/kWh.
• Residential electricity consumption in FL ^[3]
• • Residential electricity consumption in Florida averages 1,081 kWh/month, which ranks 13th in the nation and is 19.71% greater than the national average of 903 kWh/month.
• Residential electricity bills in FL ^[3]
• • The average monthly residential electricity bill in Florida is $123, which ranks 9th in the nation and is 14.95% greater than the national average of $107 per month.
• Learn more about residential electricity in Florida

Industrial electricity in Florida

• Industrial electricity rates in Florida ^[3]
• • The average industrial electricity rate in Florida is 8.04¢/kWh, which ranks 12th in the nation and is 20.54% greater than the national average rate of 6.67¢/kWh.
• Industrial electricity consumption in FL ^[3]
• • Industrial electricity consumption in Florida averages 78,603 kWh/month, which ranks 35th in the nation and is 29.92% less than the national average of 112,158 kWh/month.
• Industrial electricity bills in FL ^[3]
• • The average monthly industrial electricity bill in Florida is $6,316, which ranks 30th in the nation and is 15.6% less than the national average of $7,483.
• Learn more about industrial electricity in Florida

Palm Bay, FL Income Breakdown ^[4]

Income Summary for Palm Bay, FL

• • Household income: The city of Palm Bay has a median household income of $40,583, versus $62,843 for the U.S.^[4]
  • Compared to the U.S.: Median household income in Palm Bay is approximately 35 percent less than the median income for the entire United States.^[4]
  • Poverty level: Approximately 15.0 percent of Palm Bay households have incomes below poverty level.^[4]
  • Electric bills: The average residential electricity bill in Florida is about $123/month, ranking 9th in the U.S. and 14.95% greater than the national average of $107.^[5]

Income: Palm Bay vs. Nation ^[4]