New Mexico energy profile
Manufacturing energy costs in New Mexico
The current industrial power rate in New Mexico is 6.27 cents per kWh (Apr 2026, EIA), ranking 5 of 51 states and sitting 27.6% below the national average.
Current prices in New Mexico
- Industrial electricity: 6.27 cents per kWh (Apr 2026, EIA).
- Commercial electricity, the rate a warehouse or distribution center in New Mexico typically pays: 11.08 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.
- Just below New Mexico on the price ladder: Montana at 5.99, Arkansas at 6.2, Iowa at 6.26 cents. Just above: Texas at 6.33, Georgia at 6.84, Tennessee at 6.95 cents.
What the rate does to operating cost
- A 10 kW machine running a 4,000 hour year costs about 2,508 in electricity at New Mexico rates versus 3,464 at the national average; at 50 kW the gap is 12,540 versus 17,320, and at 200 kW it is 50,160 versus 69,280.
- 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 May 2026 (BLS).
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.