Silver Bay Electricity Rates

Commercial electricity rates in Silver Bay

• Commercial Electricity in Silver Bay
• • The average commercial electricity rate in Silver Bay is 8.14¢/kWh.^[1]
  • This average (commercial) electricity rate in Silver Bay is 7.92% less than the Minnesota average rate of 8.84¢/kWh.^[2]
  • The average (commercial) electricity rate in Silver Bay is 19.33% 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 Silver Bay

• Residential Electricity in Silver Bay
• • The average residential electricity rate in Silver Bay is 9.18¢/kWh.^[1]
  • This average (residential) electricity rate in Silver Bay is 19.12% less than the Minnesota average rate of 11.35¢/kWh.^[2]
  • The average (residential) electricity rate in Silver Bay is 22.73% 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 Silver Bay

• Industrial Electricity in Silver Bay
• • The average industrial electricity rate in Silver Bay is 5.2¢/kWh.^[1]
  • This average (industrial) electricity rate in Silver Bay is 20.49% less than the Minnesota average rate of 6.54¢/kWh.^[2]
  • The average (industrial) electricity rate in Silver Bay is 22.04% 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 Minnesota

• Commercial electricity rates in MN ^[3]
• • The average commercial electricity rate in Minnesota is 8.84¢/kWh, which ranks 31st in the nation and is 12.39% less than the national average rate of 10.09¢/kWh.[3]
• Commercial electricity consumption in MN ^[3]
• • Commercial electricity consumption in Minnesota averages 6,732 kWh/month, which ranks 15th in the nation and is 7.92% greater than the national average of 6,238 kWh/month.
• Commercial electricity bills in MN ^[3]
• • The average monthly commercial electricity bill in Minnesota is $595, which ranks 20th in the nation and is 5.41% less than the national average of $629.
• Learn more about commercial electricity in Minnesota

Residential electricity in Minnesota

• Residential electricity rates in Minnesota ^[3]
• • The average residential electricity rate in Minnesota is 11.35¢/kWh, which ranks 26th in the nation and is 4.46% less than the national average rate of 11.88¢/kWh.
• Residential electricity consumption in MN ^[3]
• • Residential electricity consumption in Minnesota averages 793 kWh/month, which ranks 33rd in the nation and is
• Residential electricity bills in MN ^[3]
• • The average monthly residential electricity bill in Minnesota is $90, which ranks 39th in the nation and is 15.89% less than the national average of $107 per month.
• Learn more about residential electricity in Minnesota

Industrial electricity in Minnesota

• Industrial electricity rates in Minnesota ^[3]
• • The average industrial electricity rate in Minnesota is 6.54¢/kWh, which ranks 25th in the nation and is 1.95% less than the national average rate of 6.67¢/kWh.
• Industrial electricity consumption in MN ^[3]
• • Industrial electricity consumption in Minnesota averages 177,231 kWh/month, which ranks 19th in the nation and is 58.02% greater than the national average of 112,158 kWh/month.
• Industrial electricity bills in MN ^[3]
• • The average monthly industrial electricity bill in Minnesota is $11,585, which ranks 21st in the nation and is 54.82% greater than the national average of $7,483.
• Learn more about industrial electricity in Minnesota

Silver Bay, MN Income Breakdown ^[4]

Income Summary for Silver Bay, MN

• • Household income: The city of Silver Bay has a median household income of $54,913, versus $62,843 for the U.S.^[4]
  • Compared to the U.S.: Median household income in Silver Bay is approximately 13 percent less than the median income for the entire United States.^[4]
  • Poverty level: Approximately 1.3 percent of Silver Bay households have incomes below poverty level.^[4]
  • Electric bills: The average residential electricity bill in Minnesota is about $90/month, ranking 39th in the U.S. and 15.89% less than the national average of $107.^[5]

Income: Silver Bay vs. Nation ^[4]