Memphis Electricity Rates

Commercial electricity rates in Memphis

• Commercial Electricity in Memphis
• • The average commercial electricity rate in Memphis is 10.79¢/kWh.^[1]
  • This average (commercial) electricity rate in Memphis is 31.59% greater than the Missouri average rate of 8.2¢/kWh.^[2]
  • The average (commercial) electricity rate in Memphis is 6.94% 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 Memphis

• Residential Electricity in Memphis
• • The average residential electricity rate in Memphis is 12.37¢/kWh.^[1]
  • This average (residential) electricity rate in Memphis is 21.63% greater than the Missouri average rate of 10.17¢/kWh.^[2]
  • The average (residential) electricity rate in Memphis is 4.12% 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 Memphis

• Industrial Electricity in Memphis
• • The average industrial electricity rate in Memphis is 5.89¢/kWh.^[1]
  • This average (industrial) electricity rate in Memphis is equal to the Missouri average rate of 5.89¢/kWh.^[2]
  • The average (industrial) electricity rate in Memphis is 11.69% 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 Missouri

• Commercial electricity rates in MO ^[3]
• • The average commercial electricity rate in Missouri is 8.2¢/kWh, which ranks 39th in the nation and is 18.73% less than the national average rate of 10.09¢/kWh.[3]
• Commercial electricity consumption in MO ^[3]
• • Commercial electricity consumption in Missouri averages 6,810 kWh/month, which ranks 13th in the nation and is 9.17% greater than the national average of 6,238 kWh/month.
• Commercial electricity bills in MO ^[3]
• • The average monthly commercial electricity bill in Missouri is $558, which ranks 23rd in the nation and is 11.29% less than the national average of $629.
• Learn more about commercial electricity in Missouri

Residential electricity in Missouri

• Residential electricity rates in Missouri ^[3]
• • The average residential electricity rate in Missouri is 10.17¢/kWh, which ranks 36th in the nation and is 14.39% less than the national average rate of 11.88¢/kWh.
• Residential electricity consumption in MO ^[3]
• • Residential electricity consumption in Missouri averages 1,060 kWh/month, which ranks 17th in the nation and is 17.39% greater than the national average of 903 kWh/month.
• Residential electricity bills in MO ^[3]
• • The average monthly residential electricity bill in Missouri is $108, which ranks 18th in the nation and is 0.93% greater than the national average of $107 per month.
• Learn more about residential electricity in Missouri

Industrial electricity in Missouri

• Industrial electricity rates in Missouri ^[3]
• • The average industrial electricity rate in Missouri is 5.89¢/kWh, which ranks 37th in the nation and is 11.69% less than the national average rate of 6.67¢/kWh.
• Industrial electricity consumption in MO ^[3]
• • Industrial electricity consumption in Missouri averages 164,723 kWh/month, which ranks 20th in the nation and is 46.87% greater than the national average of 112,158 kWh/month.
• Industrial electricity bills in MO ^[3]
• • The average monthly industrial electricity bill in Missouri is $9,707, which ranks 22nd in the nation and is 29.72% greater than the national average of $7,483.
• Learn more about industrial electricity in Missouri

Memphis, MO Income Breakdown ^[4]

Income Summary for Memphis, MO

• • Household income: The city of Memphis has a median household income of $49,125, versus $62,843 for the U.S.^[4]
  • Compared to the U.S.: Median household income in Memphis is approximately 22 percent less than the median income for the entire United States.^[4]
  • Poverty level: Approximately 10.2 percent of Memphis households have incomes below poverty level.^[4]
  • Electric bills: The average residential electricity bill in Missouri is about $108/month, ranking 18th in the U.S. and 0.93% greater than the national average of $107.^[5]

Income: Memphis vs. Nation ^[4]