Hoffman Electricity Rates

Commercial electricity rates in Hoffman

• Commercial Electricity in Hoffman
• • The average commercial electricity rate in Hoffman is 8.5¢/kWh.^[1]
  • This average (commercial) electricity rate in Hoffman is 1.85% less than the North Carolina average rate of 8.66¢/kWh.^[2]
  • The average (commercial) electricity rate in Hoffman is 15.76% 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 Hoffman

• Residential Electricity in Hoffman
• • The average residential electricity rate in Hoffman is 10.43¢/kWh.^[1]
  • This average (residential) electricity rate in Hoffman is 4.4% less than the North Carolina average rate of 10.91¢/kWh.^[2]
  • The average (residential) electricity rate in Hoffman is 12.21% 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 Hoffman

• Industrial Electricity in Hoffman
• • The average industrial electricity rate in Hoffman is 6.64¢/kWh.^[1]
  • This average (industrial) electricity rate in Hoffman is 3.43% greater than the North Carolina average rate of 6.42¢/kWh.^[2]
  • The average (industrial) electricity rate in Hoffman is 0.45% 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 North Carolina

• Commercial electricity rates in NC ^[3]
• • The average commercial electricity rate in North Carolina is 8.66¢/kWh, which ranks 34th in the nation and is 14.17% less than the national average rate of 10.09¢/kWh.[3]
• Commercial electricity consumption in NC ^[3]
• • Commercial electricity consumption in North Carolina averages 5,941 kWh/month, which ranks 23rd in the nation and is 4.76% less than the national average of 6,238 kWh/month.
• Commercial electricity bills in NC ^[3]
• • The average monthly commercial electricity bill in North Carolina is $515, which ranks 32nd in the nation and is 18.12% less than the national average of $629.
• Learn more about commercial electricity in North Carolina

Residential electricity in North Carolina

• Residential electricity rates in North Carolina ^[3]
• • The average residential electricity rate in North Carolina is 10.91¢/kWh, which ranks 32nd in the nation and is 8.16% less than the national average rate of 11.88¢/kWh.
• Residential electricity consumption in NC ^[3]
• • Residential electricity consumption in North Carolina averages 1,077 kWh/month, which ranks 15th in the nation and is 19.27% greater than the national average of 903 kWh/month.
• Residential electricity bills in NC ^[3]
• • The average monthly residential electricity bill in North Carolina is $117, which ranks 14th in the nation and is 9.35% greater than the national average of $107 per month.
• Learn more about residential electricity in North Carolina

Industrial electricity in North Carolina

• Industrial electricity rates in North Carolina ^[3]
• • The average industrial electricity rate in North Carolina is 6.42¢/kWh, which ranks 28th in the nation and is 3.75% less than the national average rate of 6.67¢/kWh.
• Industrial electricity consumption in NC ^[3]
• • Industrial electricity consumption in North Carolina averages 215,535 kWh/month, which ranks 16th in the nation and is 92.17% greater than the national average of 112,158 kWh/month.
• Industrial electricity bills in NC ^[3]
• • The average monthly industrial electricity bill in North Carolina is $13,843, which ranks 16th in the nation and is 84.99% greater than the national average of $7,483.
• Learn more about industrial electricity in North Carolina

Hoffman, NC Income Breakdown ^[4]

Income Summary for Hoffman, NC

• • Household income: The city of Hoffman has a median household income of $29,722, versus $62,843 for the U.S.^[4]
  • Compared to the U.S.: Median household income in Hoffman is approximately 53 percent less than the median income for the entire United States.^[4]
  • Poverty level: Approximately 44.2 percent of Hoffman households have incomes below poverty level.^[4]
  • Electric bills: The average residential electricity bill in North Carolina is about $117/month, ranking 14th in the U.S. and 9.35% greater than the national average of $107.^[5]

Income: Hoffman vs. Nation ^[4]