Is electricity expensive in New Jersey?

New Jersey's residential average of 24.9¢/kWh is 36% above the U.S. average of 18.3¢/kWh, ranking 43 of 51 jurisdictions (1 = cheapest).

What's the cheapest electric water heater to run in New Jersey?

Among currently certified models, the Eco-Logical OMNI-50HP1-1A costs the least at about $170 a year at New Jersey rates (681 kWh/yr).

How does New Jersey compare with other states?

The same median electric water heater costs $159 a year in Nevada (the cheapest state) and $638 in Hawaii (the priciest). New Jersey sits at $302.

Data through June 2026

Cost to run · New Jersey · 24.9¢/kWh residential average

How much does it cost to run an electric water heater in New Jersey?

$302/yr · median certified model

New Jersey pays 24.9¢/kWh for residential power — 36% above the national average — lifting the median certified electric water heater to about $302 a year, versus $222 nationally.

In the national ranking, New Jersey lands at 43 of 51 for what an electric water heater costs to run. Model choice matters as much as geography: at New Jersey rates the most efficient certified model (Eco-Logical OMNI-50HP1-1A) costs $170 a year while the most power-hungry (Smart Solar SSG2-ES 120) costs $434 — a spread of $264 every year. For reference, the national extremes are Nevada (13.1¢/kWh) and Hawaii (52.7¢/kWh); the same median electric water heater would cost $159 and $638 a year there.

New Jersey

$302

US average

$222

Nevada

$159

Hawaii

$638

Median certified electric water heater (1,210 kWh/yr) per year, at each rate

The cheapest water heaters (electric) to run at New Jersey rates

Top 10 by certified kWh, priced at 24.9¢/kWh
#	Model	kWh/yr	$/yr in NJ
1	Eco-Logical OMNI-50HP1-1A	681	$170
2	GE Profile PF40S10FPY01	724	$181
3	Eco-Logical OMNI-50HP2-1A	769	$192
4	GE Profile PH40S10BPY01	773	$193
5	Friedrich PROH40 T0 FD120-M	780	$195
6	Friedrich PROH40 T0 FD120-MSO	780	$195
7	Rheem PROPH40 T0 RH120-M	780	$195
8	Rheem PROPH40 T0 RH120-MSO	780	$195
9	Rheem XE40T10HM00U0	780	$195
10	Rheem XE40T10HMS00U0	780	$195

Price any model at New Jersey rates

Your rate, your numbers

Annual use (kWh)

Electricity rate

Per day: 83¢
Per month: $25.16
Per year: $302

1,210 kWh/yr × 24.9¢/kWh = $302/yr

Prefilled with the median certified electric water heater (1,210 kWh/yr). Every model page on this site carries its exact certified figure.

Questions, answered with the data

How much does it cost to run an electric water heater in New Jersey?: About $302 a year for the median ENERGY STAR certified electric water heater, at New Jersey's average residential rate of 24.9¢/kWh — that's $25.16 a month.
Is electricity expensive in New Jersey?: New Jersey's residential average of 24.9¢/kWh is 36% above the U.S. average of 18.3¢/kWh, ranking 43 of 51 jurisdictions (1 = cheapest).
What's the cheapest electric water heater to run in New Jersey?: Among currently certified models, the Eco-Logical OMNI-50HP1-1A costs the least at about $170 a year at New Jersey rates (681 kWh/yr).
How does New Jersey compare with other states?: The same median electric water heater costs $159 a year in Nevada (the cheapest state) and $638 in Hawaii (the priciest). New Jersey sits at $302.

Keep digging

Rate source: US EIA, average residential price of electricity, see methodology.