Franklin Lakes Electricity Rates

Commercial electricity rates in Franklin Lakes

• Commercial Electricity in Franklin Lakes
• • The average commercial electricity rate in Franklin Lakes is 8.48¢/kWh.^[1]
  • This average (commercial) electricity rate in Franklin Lakes is 33.65% less than the New Jersey average rate of 12.78¢/kWh.^[2]
  • The average (commercial) electricity rate in Franklin Lakes is 15.96% 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 Franklin Lakes

• Residential Electricity in Franklin Lakes
• • The average residential electricity rate in Franklin Lakes is 15.39¢/kWh.^[1]
  • This average (residential) electricity rate in Franklin Lakes is 2.47% less than the New Jersey average rate of 15.78¢/kWh.^[2]
  • The average (residential) electricity rate in Franklin Lakes is 29.55% 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 Franklin Lakes

• Industrial Electricity in Franklin Lakes
• • The average industrial electricity rate in Franklin Lakes is 8.97¢/kWh.^[1]
  • This average (industrial) electricity rate in Franklin Lakes is 14.73% less than the New Jersey average rate of 10.52¢/kWh.^[2]
  • The average (industrial) electricity rate in Franklin Lakes is 34.48% 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 New Jersey

• Commercial electricity rates in NJ ^[3]
• • The average commercial electricity rate in New Jersey is 12.78¢/kWh, which ranks 9th in the nation and is 26.66% greater than the national average rate of 10.09¢/kWh.[3]
• Commercial electricity consumption in NJ ^[3]
• • Commercial electricity consumption in New Jersey averages 6,521 kWh/month, which ranks 17th in the nation and is 4.54% greater than the national average of 6,238 kWh/month.
• Commercial electricity bills in NJ ^[3]
• • The average monthly commercial electricity bill in New Jersey is $833, which ranks 6th in the nation and is 32.43% greater than the national average of $629.
• Learn more about commercial electricity in New Jersey

Residential electricity in New Jersey

• Residential electricity rates in New Jersey ^[3]
• • The average residential electricity rate in New Jersey is 15.78¢/kWh, which ranks 7th in the nation and is 32.83% greater than the national average rate of 11.88¢/kWh.
• Residential electricity consumption in NJ ^[3]
• • Residential electricity consumption in New Jersey averages 691 kWh/month, which ranks 40th in the nation and is
• Residential electricity bills in NJ ^[3]
• • The average monthly residential electricity bill in New Jersey is $109, which ranks 17th in the nation and is 1.87% greater than the national average of $107 per month.
• Learn more about residential electricity in New Jersey

Industrial electricity in New Jersey

• Industrial electricity rates in New Jersey ^[3]
• • The average industrial electricity rate in New Jersey is 10.52¢/kWh, which ranks 7th in the nation and is 57.72% greater than the national average rate of 6.67¢/kWh.
• Industrial electricity consumption in NJ ^[3]
• • Industrial electricity consumption in New Jersey averages 50,818 kWh/month, which ranks 42nd in the nation and is 54.69% less than the national average of 112,158 kWh/month.
• Industrial electricity bills in NJ ^[3]
• • The average monthly industrial electricity bill in New Jersey is $5,344, which ranks 36th in the nation and is 28.58% less than the national average of $7,483.
• Learn more about industrial electricity in New Jersey

Franklin Lakes, NJ Income Breakdown ^[4]

Income Summary for Franklin Lakes, NJ

• • Household income: The city of Franklin Lakes has a median household income of $172,766, versus $62,843 for the U.S.^[4]
  • Compared to the U.S.: Median household income in Franklin Lakes is approximately 175 percent greater than the median income for the entire United States.^[4]
  • Poverty level: Approximately 0.2 percent of Franklin Lakes households have incomes below poverty level.^[4]
  • Electric bills: The average residential electricity bill in New Jersey is about $109/month, ranking 17th in the U.S. and 1.87% greater than the national average of $107.^[5]

Income: Franklin Lakes vs. Nation ^[4]