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Comprehensive Local Electricity Guide

Hancock Electricity Rates

Commercial Electricity in Hancock

^ The average commercial electricity rate in Hancock, MI is 14.72¢/kWh.[1]

Residential Electricity in Hancock

^ The average residential electricity rate in Hancock, MI is 19.36¢/kWh.[1]

Industrial Electricity in Hancock

^ The average industrial electricity rate in Hancock, MI is 5.32¢/kWh.[1]

MI Electricity

Hancock, MI Electricity Statistics

Commercial electricity rates in Hancock


  • Commercial Electricity in Hancock
    • The average commercial electricity rate in Hancock is 14.72¢/kWh.[1]
    • This average (commercial) electricity rate in Hancock is 34.68% greater than the Michigan average rate of 10.93¢/kWh.[2]
    • The average (commercial) electricity rate in Hancock is 45.89% 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 Hancock


  • Residential Electricity in Hancock
    • The average residential electricity rate in Hancock is 19.36¢/kWh.[1]
    • This average (residential) electricity rate in Hancock is 37.01% greater than the Michigan average rate of 14.13¢/kWh.[2]
    • The average (residential) electricity rate in Hancock is 62.96% greater 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 Hancock


  • Industrial Electricity in Hancock
    • The average industrial electricity rate in Hancock is 5.32¢/kWh.[1]
    • This average (industrial) electricity rate in Hancock is 30.18% less than the Michigan average rate of 7.62¢/kWh.[2]
    • The average (industrial) electricity rate in Hancock is 20.24% 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]
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Michigan Electricity Rates & Consumption

Commercial electricity in Michigan


  • Commercial electricity rates in MI [3]
    • The average commercial electricity rate in Michigan is 10.93¢/kWh, which ranks 13th in the nation and is 8.33% greater than the national average rate of 10.09¢/kWh.[3]
  • Commercial electricity consumption in MI [3]
    • Commercial electricity consumption in Michigan averages 6,159 kWh/month, which ranks 20th in the nation and is 1.27% less than the national average of 6,238 kWh/month.
  • Commercial electricity bills in MI [3]
    • The average monthly commercial electricity bill in Michigan is $673, which ranks 12th in the nation and is 7% greater than the national average of $629.
  • electricity Learn more about commercial electricity in Michigan

Residential electricity in Michigan


  • Residential electricity rates in Michigan [3]
    • The average residential electricity rate in Michigan is 14.13¢/kWh, which ranks 12th in the nation and is 18.94% greater than the national average rate of 11.88¢/kWh.
  • Residential electricity consumption in MI [3]
    • Residential electricity consumption in Michigan averages 676 kWh/month, which ranks 41st in the nation and is 25.14% less than the national average of 903 kWh/month.
  • Residential electricity bills in MI [3]
    • The average monthly residential electricity bill in Michigan is $95, which ranks 34th in the nation and is 11.21% less than the national average of $107 per month.
  • electricity Learn more about residential electricity in Michigan

Industrial electricity in Michigan


  • Industrial electricity rates in Michigan [3]
    • The average industrial electricity rate in Michigan is 7.62¢/kWh, which ranks 14th in the nation and is 14.24% greater than the national average rate of 6.67¢/kWh.
  • Industrial electricity consumption in MI [3]
    • Industrial electricity consumption in Michigan averages 202,921 kWh/month, which ranks 17th in the nation and is 80.92% greater than the national average of 112,158 kWh/month.
  • Industrial electricity bills in MI [3]
    • The average monthly industrial electricity bill in Michigan is $15,471, which ranks 13th in the nation and is 106.75% greater than the national average of $7,483.
  • electricity Learn more about industrial electricity in Michigan

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Household Income in Hancock, MI

Hancock, MI Income Breakdown [4]


Income Summary for Hancock, MI


    • Household income: The city of Hancock has a median household income of $42,723, versus $62,843 for the U.S.[4]
    • Compared to the U.S.: Median household income in Hancock is approximately 32 percent less than the median income for the entire United States.[4]
    • Poverty level: Approximately 6.9 percent of Hancock households have incomes below poverty level.[4]
    • Electric bills: The average residential electricity bill in Michigan is about $95/month, ranking 34th in the U.S. and 11.21% less than the national average of $107.[5]

Income: Hancock vs. Nation [4]


Additional information about Hancock

About Hancock

Hancock is a city located in Houghton County in the state of Michigan, and has a population of approximately 4,634.[6]

MI Electricity

More about Hancock utilities

For more information about Hancock electricity, or for additional resources regarding electricity & utilities in your state, visit the Energy Information Administration.

Did you know?

Benjamin Franklin researched electricity extensively in the 18th century. The lightning rod was among his inventions.

Additional Cities in MI

References

1. ^ National Renewable Energy Laboratory

2. ^ U.S. Department of Energy

3. ^ U.S. Energy Information Administration (2012)

4. ^ United States Census Bureau

5. ^ U.S. Energy Information Administration

6. ^ United States Census Bureau

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