Is electricity expensive in New York?

New York's residential average of 29.5¢/kWh is 61% above the U.S. average of 18.3¢/kWh, ranking 47 of 51 jurisdictions (1 = cheapest).

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

Among currently certified models, the Eco-Logical OMNI-50HP1-1A costs the least at about $201 a year at New York rates (681 kWh/yr).

How does New York 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 York sits at $357.

Data through June 2026

Cost to run · New York · 29.5¢/kWh residential average

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

$357/yr · median certified model

At 29.5¢/kWh, New York ranks among the priciest states for power. The typical certified electric water heater runs about $357 annually here, which makes choosing an efficient model worth actual dollars, not rounding error.

Only 4 jurisdictions cost more: New York ranks 47 of 51 for running an electric water heater. Model choice matters as much as geography: at New York rates the most efficient certified model (Eco-Logical OMNI-50HP1-1A) costs $201 a year while the most power-hungry (Smart Solar SSG2-ES 120) costs $513 — a spread of $313 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 York

$357

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 York rates

Top 10 by certified kWh, priced at 29.5¢/kWh
#	Model	kWh/yr	$/yr in NY
1	Eco-Logical OMNI-50HP1-1A	681	$201
2	GE Profile PF40S10FPY01	724	$214
3	Eco-Logical OMNI-50HP2-1A	769	$227
4	GE Profile PH40S10BPY01	773	$228
5	Friedrich PROH40 T0 FD120-M	780	$230
6	Friedrich PROH40 T0 FD120-MSO	780	$230
7	Rheem PROPH40 T0 RH120-M	780	$230
8	Rheem PROPH40 T0 RH120-MSO	780	$230
9	Rheem XE40T10HM00U0	780	$230
10	Rheem XE40T10HMS00U0	780	$230

Price any model at New York rates

Your rate, your numbers

Annual use (kWh)

Electricity rate

Per day: 98¢
Per month: $29.74
Per year: $357

1,210 kWh/yr × 29.5¢/kWh = $357/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 York?: About $357 a year for the median ENERGY STAR certified electric water heater, at New York's average residential rate of 29.5¢/kWh — that's $29.74 a month.
Is electricity expensive in New York?: New York's residential average of 29.5¢/kWh is 61% above the U.S. average of 18.3¢/kWh, ranking 47 of 51 jurisdictions (1 = cheapest).
What's the cheapest electric water heater to run in New York?: Among currently certified models, the Eco-Logical OMNI-50HP1-1A costs the least at about $201 a year at New York rates (681 kWh/yr).
How does New York 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 York sits at $357.

Keep digging

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