Memphis Electricity Rates

Commercial electricity rates in Memphis

• Commercial Electricity in Memphis
• • The average commercial electricity rate in Memphis is 6.2¢/kWh.^[1]
  • This average (commercial) electricity rate in Memphis is 24.02% less than the Texas average rate of 8.16¢/kWh.^[2]
  • The average (commercial) electricity rate in Memphis is 38.55% 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 Memphis

• Residential Electricity in Memphis
• • The average residential electricity rate in Memphis is 7.78¢/kWh.^[1]
  • This average (residential) electricity rate in Memphis is 29.14% less than the Texas average rate of 10.98¢/kWh.^[2]
  • The average (residential) electricity rate in Memphis is 34.51% 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 4.95¢/kWh.^[1]
  • This average (industrial) electricity rate in Memphis is 11.13% less than the Texas average rate of 5.57¢/kWh.^[2]
  • The average (industrial) electricity rate in Memphis is 25.79% 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 Texas

• Commercial electricity rates in TX ^[3]
• • The average commercial electricity rate in Texas is 8.16¢/kWh, which ranks 40th in the nation and is 19.13% less than the national average rate of 10.09¢/kWh.[3]
• Commercial electricity consumption in TX ^[3]
• • Commercial electricity consumption in Texas averages 8,185 kWh/month, which ranks 4th in the nation and is 31.21% greater than the national average of 6,238 kWh/month.
• Commercial electricity bills in TX ^[3]
• • The average monthly commercial electricity bill in Texas is $668, which ranks 14th in the nation and is 6.2% greater than the national average of $629.
• Learn more about commercial electricity in Texas

Residential electricity in Texas

• Residential electricity rates in Texas ^[3]
• • The average residential electricity rate in Texas is 10.98¢/kWh, which ranks 31st in the nation and is 7.58% less than the national average rate of 11.88¢/kWh.
• Residential electricity consumption in TX ^[3]
• • Residential electricity consumption in Texas averages 1,168 kWh/month, which ranks 5th in the nation and is 29.35% greater than the national average of 903 kWh/month.
• Residential electricity bills in TX ^[3]
• • The average monthly residential electricity bill in Texas is $128, which ranks 5th in the nation and is 19.63% greater than the national average of $107 per month.
• Learn more about residential electricity in Texas

Industrial electricity in Texas

• Industrial electricity rates in Texas ^[3]
• • The average industrial electricity rate in Texas is 5.57¢/kWh, which ranks 43rd in the nation and is 16.49% less than the national average rate of 6.67¢/kWh.
• Industrial electricity consumption in TX ^[3]
• • Industrial electricity consumption in Texas averages 85,264 kWh/month, which ranks 31st in the nation and is 23.98% less than the national average of 112,158 kWh/month.
• Industrial electricity bills in TX ^[3]
• • The average monthly industrial electricity bill in Texas is $4,750, which ranks 40th in the nation and is 36.52% less than the national average of $7,483.
• Learn more about industrial electricity in Texas

Memphis, TX Income Breakdown ^[4]

Income Summary for Memphis, TX

• • Household income: The city of Memphis has a median household income of $34,604, versus $62,843 for the U.S.^[4]
  • Compared to the U.S.: Median household income in Memphis is approximately 45 percent less than the median income for the entire United States.^[4]
  • Poverty level: Approximately 20.9 percent of Memphis households have incomes below poverty level.^[4]
  • Electric bills: The average residential electricity bill in Texas is about $128/month, ranking 5th in the U.S. and 19.63% greater than the national average of $107.^[5]

Income: Memphis vs. Nation ^[4]