Nationwide Energy Costs: How Much Does Louisiana Pay?
With Coronavirus quarantines and stay-at-home mandates keeping people indoors, one would expect that energy bills across the country, if not skyrocketing, would, at least, be noticeably higher. But is that true nationwide? To find out, the personal-finance website WalletHub has released its report on 2020's Most and Least Energy-Expensive States.
To better understand America's energy costs and compare location and consumption habits across the country, WalletHub compared the average monthly energy bills in each of the 50 states and the District of Columbia using a special metrics. These statistics account for the following residential energy types: electricity, natural gas, motor fuel and home heating oil.
In the United States energy costs run between five and twenty two percent of families’ total after-tax income. Americans with the lowest average, making up about 25 million households, pay the highest of that range. And according to metrics, lower energy prices don’t always equate to savings. In addition, WalletHub takes into consideration that where Americans live and how much energy they use are a big part of the equation.
Not surprisingly, while commercial and industrial energy use has declined in 2020 due to business closings during lockdowns, residential electricity use has actually increased, and that means many people will be writing larger checks to their local power companies.
Top 5 States with the Highest Energy Costs:
1) Connecticut $372 average monthly energy cost
2) Massachusetts $351
3) Rhode Island $335
4) New Hampshire $329
5) Alaska $325
And what about Louisiana? Well, when it comes to energy costs in the Pelican State, we're one of the least expensive!
Energy Consumption & Costs in Louisiana
- Avg. Monthly Energy Bill: $248
- 51st – Price of Electricity
- 21st – Price of Natural Gas
- 42nd – Natural-Gas Consumption per Consumer
- 50th – Price of Motor Fuel
- 25th – Motor-Fuel Consumption per Driver