Memphis Electricity Rates

Commercial electricity rates in Memphis

• Commercial Electricity in Memphis
• • The average commercial electricity rate in Memphis is 10.68¢/kWh.^[1]
  • This average (commercial) electricity rate in Memphis is 3.59% greater than the Tennessee average rate of 10.31¢/kWh.^[2]
  • The average (commercial) electricity rate in Memphis is 5.85% 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 9.89¢/kWh.^[1]
  • This average (residential) electricity rate in Memphis is 2.08% less than the Tennessee average rate of 10.1¢/kWh.^[2]
  • The average (residential) electricity rate in Memphis is 16.75% 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 Memphis

• Industrial Electricity in Memphis
• • The average industrial electricity rate in Memphis is 11.36¢/kWh.^[1]
  • This average (industrial) electricity rate in Memphis is 60.45% greater than the Tennessee average rate of 7.08¢/kWh.^[2]
  • The average (industrial) electricity rate in Memphis is 70.31% 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 Tennessee

• Commercial electricity rates in TN ^[3]
• • The average commercial electricity rate in Tennessee is 10.31¢/kWh, which ranks 17th in the nation and is 2.18% greater than the national average rate of 10.09¢/kWh.[3]
• Commercial electricity consumption in TN ^[3]
• • Commercial electricity consumption in Tennessee averages 5,028 kWh/month, which ranks 38th in the nation and is 19.4% less than the national average of 6,238 kWh/month.
• Commercial electricity bills in TN ^[3]
• • The average monthly commercial electricity bill in Tennessee is $518, which ranks 30th in the nation and is 17.65% less than the national average of $629.
• Learn more about commercial electricity in Tennessee

Residential electricity in Tennessee

• Residential electricity rates in Tennessee ^[3]
• • The average residential electricity rate in Tennessee is 10.1¢/kWh, which ranks 37th in the nation and is
• Residential electricity consumption in TN ^[3]
• • Residential electricity consumption in Tennessee averages 1,217 kWh/month, which ranks 2nd in the nation and is 34.77% greater than the national average of 903 kWh/month.
• Residential electricity bills in TN ^[3]
• • The average monthly residential electricity bill in Tennessee is $123, which ranks 10th in the nation and is 14.95% greater than the national average of $107 per month.
• Learn more about residential electricity in Tennessee

Industrial electricity in Tennessee

• Industrial electricity rates in Tennessee ^[3]
• • The average industrial electricity rate in Tennessee is 7.08¢/kWh, which ranks 18th in the nation and is 6.15% greater than the national average rate of 6.67¢/kWh.
• Industrial electricity consumption in TN ^[3]
• • Industrial electricity consumption in Tennessee averages 1,212,568 kWh/month, which ranks 2nd in the nation and is 981.12% greater than the national average of 112,158 kWh/month.
• Industrial electricity bills in TN ^[3]
• • The average monthly industrial electricity bill in Tennessee is $85,815, which ranks 3rd in the nation and is 1046.8% greater than the national average of $7,483.
• Learn more about industrial electricity in Tennessee

Memphis, TN Income Breakdown ^[4]

Income Summary for Memphis, TN

• • Household income: The city of Memphis has a median household income of $72,850, versus $62,843 for the U.S.^[4]
  • Compared to the U.S.: Median household income in Memphis is approximately 16 percent greater than the median income for the entire United States.^[4]
  • Poverty level: Approximately 2.2 percent of Memphis households have incomes below poverty level.^[4]
  • Electric bills: The average residential electricity bill in Tennessee is about $123/month, ranking 10th in the U.S. and 14.95% greater than the national average of $107.^[5]

Income: Memphis vs. Nation ^[4]