Terrace Park Electricity Rates

Commercial electricity rates in Terrace Park

• Commercial Electricity in Terrace Park
• • The average commercial electricity rate in Terrace Park is 4.28¢/kWh.^[1]
  • This average (commercial) electricity rate in Terrace Park is 54.8% less than the Ohio average rate of 9.47¢/kWh.^[2]
  • The average (commercial) electricity rate in Terrace Park is 57.58% 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 Terrace Park

• Residential Electricity in Terrace Park
• • The average residential electricity rate in Terrace Park is 8.29¢/kWh.^[1]
  • This average (residential) electricity rate in Terrace Park is 29.51% less than the Ohio average rate of 11.76¢/kWh.^[2]
  • The average (residential) electricity rate in Terrace Park is 30.22% 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 Terrace Park

• Industrial Electricity in Terrace Park
• • The average industrial electricity rate in Terrace Park is 1.39¢/kWh.^[1]
  • This average (industrial) electricity rate in Terrace Park is 77.72% less than the Ohio average rate of 6.24¢/kWh.^[2]
  • The average (industrial) electricity rate in Terrace Park is 79.16% 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 Ohio

• Commercial electricity rates in OH ^[3]
• • The average commercial electricity rate in Ohio is 9.47¢/kWh, which ranks 23rd in the nation and is 6.14% less than the national average rate of 10.09¢/kWh.[3]
• Commercial electricity consumption in OH ^[3]
• • Commercial electricity consumption in Ohio averages 6,353 kWh/month, which ranks 18th in the nation and is 1.84% greater than the national average of 6,238 kWh/month.
• Commercial electricity bills in OH ^[3]
• • The average monthly commercial electricity bill in Ohio is $602, which ranks 18th in the nation and is 4.29% less than the national average of $629.
• Learn more about commercial electricity in Ohio

Residential electricity in Ohio

• Residential electricity rates in Ohio ^[3]
• • The average residential electricity rate in Ohio is 11.76¢/kWh, which ranks 20th in the nation and is 1.01% less than the national average rate of 11.88¢/kWh.
• Residential electricity consumption in OH ^[3]
• • Residential electricity consumption in Ohio averages 895 kWh/month, which ranks 28th in the nation and is
• Residential electricity bills in OH ^[3]
• • The average monthly residential electricity bill in Ohio is $105, which ranks 25th in the nation and is 1.87% less than the national average of $107 per month.
• Learn more about residential electricity in Ohio

Industrial electricity in Ohio

• Industrial electricity rates in Ohio ^[3]
• • The average industrial electricity rate in Ohio is 6.24¢/kWh, which ranks 32nd in the nation and is 6.45% less than the national average rate of 6.67¢/kWh.
• Industrial electricity consumption in OH ^[3]
• • Industrial electricity consumption in Ohio averages 226,930 kWh/month, which ranks 13th in the nation and is 102.33% greater than the national average of 112,158 kWh/month.
• Industrial electricity bills in OH ^[3]
• • The average monthly industrial electricity bill in Ohio is $14,150, which ranks 15th in the nation and is 89.1% greater than the national average of $7,483.
• Learn more about industrial electricity in Ohio

Terrace Park, OH Income Breakdown ^[4]

Income Summary for Terrace Park, OH

• • Household income: The city of Terrace Park has a median household income of $173,750, versus $62,843 for the U.S.^[4]
  • Compared to the U.S.: Median household income in Terrace Park is approximately 176 percent greater than the median income for the entire United States.^[4]
  • Poverty level: Approximately 3.0 percent of Terrace Park households have incomes below poverty level.^[4]
  • Electric bills: The average residential electricity bill in Ohio is about $105/month, ranking 25th in the U.S. and 1.87% less than the national average of $107.^[5]

Income: Terrace Park vs. Nation ^[4]