New Mexico energy profile
Manufacturing energy costs in New Mexico
The current industrial power rate in New Mexico is 4.45 cents per kWh (May 2026, EIA), ranking 1 of 51 states and sitting 48.9% below the national average.
Current prices in New Mexico
- Industrial electricity: 4.45 cents per kWh (May 2026, EIA).
- Commercial electricity, the rate a warehouse or distribution center in New Mexico typically pays: 10.18 cents per kWh.
- New Mexico does not report an industrial natural gas price for the latest month; plants there should use their utility contract rate.
- No state reports a cheaper industrial rate than New Mexico this month. Just above: Oklahoma at 6.17, Texas at 6.33, Tennessee at 6.45 cents.
What the rate does to operating cost
- A 10 kW machine running a 4,000 hour year costs about 1,780 in electricity at New Mexico rates versus 3,484 at the national average; at 50 kW the gap is 8,900 versus 17,420, and at 200 kW it is 35,600 versus 69,680.
- For site selection and quoting, New Mexico sits on the favorable side of the power map. Processes that live or die on electricity cost, from electrolysis to induction heating, price out better here than in most states.
What factory labor pays in New Mexico
- Industrial engineers: $61.58/hr median in New Mexico versus $49.25 nationally (OEWS 2025).
- Industrial production managers: $59.94/hr median in New Mexico versus $60.61 nationally (OEWS 2025).
- Production supervisors: $31.08/hr median in New Mexico versus $35.79 nationally (OEWS 2025).
- Forklift and industrial truck operators: $29.88/hr median in New Mexico versus $22.32 nationally (OEWS 2025).
- Industrial machinery mechanics: $29.17/hr median in New Mexico versus $31.02 nationally (OEWS 2025).
- Welders, cutters, and brazers: $28.77/hr median in New Mexico versus $25.84 nationally (OEWS 2025).
- New Mexico employs about 28,000 manufacturing workers as of Jun 2026 (BLS).
Manufacturing base in New Mexico
- New Mexico has 1,266 manufacturing establishments employing about 28,044 workers (Census County Business Patterns, 2023).
- Largest sectors by establishment count: fabricated metal products (217), food manufacturing (163), printing and related support (106), machine shops (72), chemical manufacturing (62).
Sources and update cadence
- Prices come from the U.S. Energy Information Administration and refresh automatically when the agency publishes; this page also archives each month's New Mexico observation so the local price history deepens over time.
Last reviewed 2026-05-12.