Hopkinton Electricity Rates

Commercial electricity rates in Hopkinton

• Commercial Electricity in Hopkinton
• • The average commercial electricity rate in Hopkinton is 11.07¢/kWh.^[1]
  • This average (commercial) electricity rate in Hopkinton is 38.2% greater than the Iowa average rate of 8.01¢/kWh.^[2]
  • The average (commercial) electricity rate in Hopkinton is 9.71% greater 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 Hopkinton

• Residential Electricity in Hopkinton
• • The average residential electricity rate in Hopkinton is 11.41¢/kWh.^[1]
  • This average (residential) electricity rate in Hopkinton is 5.45% greater than the Iowa average rate of 10.82¢/kWh.^[2]
  • The average (residential) electricity rate in Hopkinton is 3.96% 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 Hopkinton

• Industrial Electricity in Hopkinton
• • The average industrial electricity rate in Hopkinton is 10.65¢/kWh.^[1]
  • This average (industrial) electricity rate in Hopkinton is 100.94% greater than the Iowa average rate of 5.3¢/kWh.^[2]
  • The average (industrial) electricity rate in Hopkinton is 59.67% 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 Iowa

• Commercial electricity rates in IA ^[3]
• • The average commercial electricity rate in Iowa is 8.01¢/kWh, which ranks 45th in the nation and is 20.61% less than the national average rate of 10.09¢/kWh.[3]
• Commercial electricity consumption in IA ^[3]
• • Commercial electricity consumption in Iowa averages 4,601 kWh/month, which ranks 45th in the nation and is 26.24% less than the national average of 6,238 kWh/month.
• Commercial electricity bills in IA ^[3]
• • The average monthly commercial electricity bill in Iowa is $368, which ranks 50th in the nation and is 41.49% less than the national average of $629.
• Learn more about commercial electricity in Iowa

Residential electricity in Iowa

• Residential electricity rates in Iowa ^[3]
• • The average residential electricity rate in Iowa is 10.82¢/kWh, which ranks 33rd in the nation and is 8.92% less than the national average rate of 11.88¢/kWh.
• Residential electricity consumption in IA ^[3]
• • Residential electricity consumption in Iowa averages 873 kWh/month, which ranks 29th in the nation and is 3.32% less than the national average of 903 kWh/month.
• Residential electricity bills in IA ^[3]
• • The average monthly residential electricity bill in Iowa is $94, which ranks 35th in the nation and is 12.15% less than the national average of $107 per month.
• Learn more about residential electricity in Iowa

Industrial electricity in Iowa

• Industrial electricity rates in Iowa ^[3]
• • The average industrial electricity rate in Iowa is 5.3¢/kWh, which ranks 47th in the nation and is 20.54% less than the national average rate of 6.67¢/kWh.
• Industrial electricity consumption in IA ^[3]
• • Industrial electricity consumption in Iowa averages 224,118 kWh/month, which ranks 14th in the nation and is 99.82% greater than the national average of 112,158 kWh/month.
• Industrial electricity bills in IA ^[3]
• • The average monthly industrial electricity bill in Iowa is $11,868, which ranks 19th in the nation and is 58.6% greater than the national average of $7,483.
• Learn more about industrial electricity in Iowa

Hopkinton, IA Income Breakdown ^[4]

Income Summary for Hopkinton, IA

• • Household income: The city of Hopkinton has a median household income of $70,496, versus $62,843 for the U.S.^[4]
  • Compared to the U.S.: Median household income in Hopkinton is approximately 12 percent greater than the median income for the entire United States.^[4]
  • Poverty level: Approximately 9.0 percent of Hopkinton households have incomes below poverty level.^[4]
  • Electric bills: The average residential electricity bill in Iowa is about $94/month, ranking 35th in the U.S. and 12.15% less than the national average of $107.^[5]

Income: Hopkinton vs. Nation ^[4]