Spencer Electricity Rates

Commercial electricity rates in Spencer

• Commercial Electricity in Spencer
• • The average commercial electricity rate in Spencer is 6.92¢/kWh.^[1]
  • This average (commercial) electricity rate in Spencer is 13.61% less than the Iowa average rate of 8.01¢/kWh.^[2]
  • The average (commercial) electricity rate in Spencer is 31.42% 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 Spencer

• Residential Electricity in Spencer
• • The average residential electricity rate in Spencer is 6.78¢/kWh.^[1]
  • This average (residential) electricity rate in Spencer is 37.34% less than the Iowa average rate of 10.82¢/kWh.^[2]
  • The average (residential) electricity rate in Spencer is 42.93% 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 Spencer

• Industrial Electricity in Spencer
• • The average industrial electricity rate in Spencer is 6.51¢/kWh.^[1]
  • This average (industrial) electricity rate in Spencer is 22.83% greater than the Iowa average rate of 5.3¢/kWh.^[2]
  • The average (industrial) electricity rate in Spencer is 2.4% 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 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

Spencer, IA Income Breakdown ^[4]

Income Summary for Spencer, IA

• • Household income: The city of Spencer has a median household income of $47,593, versus $62,843 for the U.S.^[4]
  • Compared to the U.S.: Median household income in Spencer is approximately 24 percent less than the median income for the entire United States.^[4]
  • Poverty level: Approximately 9.2 percent of Spencer 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: Spencer vs. Nation ^[4]