With outdoor temperatures expected to reach triple digits this week, Texans will fully utilize indoor air conditioning to enhance their comfort and avoid the scorching sun. Fortunately, according to a new WalletHub report, the Lone Star State is the sixth least-expensive state in the nation for energy costs.
In the U.S., energy costs account for up to 22% of families’ total after-tax income, with low-income Americans, or 25 million households, paying the most. Around 27% of American households have difficulty meeting their energy needs, the report noted.
To better understand Americans’ energy costs relative to their location and consumption habits, WalletHub compared the average monthly energy bills in each of the 50 states and the District of Columbia.
The analysis was performed using a unique formula, which accounted for residential electricity, natural gas, motor fuel and home heating oil consumption.
Texas landed at No. 46 in the study with an average monthly energy bill of $416. The state’s monthly electricity cost ranked 33rd at $154, with the monthly natural gas cost ranking 22nd at $56 and the monthly motor-fuel cost ranking 45th at $206.
The District of Columbia led the country for the cheapest energy costs, followed by New Mexico, Nebraska, Kansas, Arizona, Texas, Louisiana and California.
WalletHub named Wyoming the most energy-expensive state with an average monthly cost of $738, followed by Alaska, North Dakota, Connecticut and Massachusetts rounding out the top five.