In August 2024, electricity bills varied significantly across the United States. Connecticut had the highest average bill at $254.47. Arizona followed closely with $252.60, while Texas ranked third with an average of $233.38.
Conversely, Washington recorded the lowest bill at $100.56. Montana and Wyoming had slightly higher bills, with averages of $114.25 and $114.75, respectively.
Rising Energy Costs Affect Americans
According to a recent LendingTree study, the average electricity bill in August 2024 reached $185.59. This represents a 2.6% increase from the previous year. As a result, energy costs continue to contribute to the ongoing cost of living crisis.
Financial Struggles Due to Rising Costs
Furthermore, the report revealed that the rising energy prices have caused financial strain for many Americans. Over one-third (34.3%) of people have been forced to cut back on essential expenses. Additionally, 23.4% of Americans have struggled to pay their bills in full.
States with the Highest Electricity Bills
- Connecticut: The state had the highest average bill at $254.47 in August 2024.
- Arizona: Arizona residents paid an average of $252.60.
- Texas: Texans faced an average bill of $233.38.
States with the Lowest Electricity Bills
- Washington: The state had the lowest average bill at $100.56.
- Montana: Residents paid an average of $114.25.
- Wyoming: Wyoming’s average bill was slightly higher at $114.75.