2021’s Most & Least Energy-Expensive States

Wallet Hub, Jul 7, 2021

Get ready to crank up your air conditioner — and utility budget. July tends to be the hottest month of the year. In the U.S., energy costs eat between 5 and 22 percent of families’ total after-tax income, with the poorest Americans, or 25 million households, paying the highest of that range. And lower energy prices don’t necessarily equate to savings. Where we live and how much energy we use are a big part of the equation. Although Americans will be stuck inside less this year compared to last year during the height of the COVID-19 pandemic, residential electricity use is actually projected to increase by 2.8% in 2021.

To better understand the impact of energy on our finances relative to our location and consumption habits, WalletHub compared the total monthly energy bills in each of the 50 states and the District of Columbia.

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PBN: Study: Hawaii electricity, gas prices remain worst in the U.S.

IM: Hawaii Energy Numbers Are Fairly Average