In 2023, U.S. residential electricity bills increased by 2% each month compared with 2022. That growth rate was slower than inflation, which was 4.1% in 2023. Over the past decade, residential electricity prices have increased more slowly than overall inflation.

In nominal terms (not adjusted for inflation), the average monthly electricity bill for residential customers in the United States in 2023 totaled $138, an increase from $135 in 2022. This 2% increase was in line with the 2% average annual increase over the past decade. The 2023 data are preliminarily based on a sample of utilities, although the 2013 through 2022 data are final data based on more extensive utility data we collected. Among individual states, average monthly residential electricity bills ranged from a low of $87 in Utah to a high of $213 in Hawaii.

Monthly electricity bills are affected by two factors: electricity prices and the amount of grid-delivered electricity that customers consume. We do not directly survey electricity prices or bills. Rather, we estimate bills by dividing the utilities’ revenue from residential customers by those customers’ electricity consumption. Read more