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

At the U.S. average residential price of 18.34¢ per kilowatt-hour (June 2026), running an electric water heater costs about $642 a year. Your own bill depends on your state's rate, which ranges from 13.11¢ to 52.72¢ across the country.

Per day
$1.76
Per month
$53.49
Per year
$642

Assumption: 3,500 kWh a year. A 50-gallon resistance tank for a household of three or four. This is typically the largest or second-largest electric load in a home without electric heat.

Cost by state

Same appliance, same usage, 51 different prices. Sorted cheapest first.

StateRatePer monthPer year
Nevada13.11¢$38.24$459
Nebraska13.25¢$38.65$464
Utah13.37¢$39.00$468
Louisiana13.49¢$39.35$472
Tennessee14.07¢$41.04$492
North Dakota14.12¢$41.18$494
Arkansas14.12¢$41.18$494
Kentucky14.26¢$41.59$499
Oklahoma14.33¢$41.80$502
Idaho14.37¢$41.91$503
North Carolina14.74¢$42.99$516
Mississippi14.88¢$43.40$521
Washington14.91¢$43.49$522
New Mexico15.06¢$43.93$527
Florida15.10¢$44.04$528
Montana15.14¢$44.16$530
Arizona15.18¢$44.27$531
Wyoming15.24¢$44.45$533
South Dakota15.36¢$44.80$538
West Virginia15.45¢$45.06$541
South Carolina15.55¢$45.35$544
Kansas15.71¢$45.82$550
Iowa15.93¢$46.46$558
Texas15.94¢$46.49$558
Missouri16.22¢$47.31$568
Oregon16.32¢$47.60$571
Georgia16.36¢$47.72$573
Alabama16.40¢$47.83$574
Colorado17.13¢$49.96$600
Virginia17.22¢$50.22$603
Indiana17.51¢$51.07$613
Minnesota17.52¢$51.10$613
Ohio19.19¢$55.97$672
Delaware19.29¢$56.26$675
Wisconsin19.56¢$57.05$685
Illinois19.89¢$58.01$696
Pennsylvania21.73¢$63.38$761
Maryland21.84¢$63.70$764
Michigan22.99¢$67.05$805
Connecticut24.32¢$70.93$851
District of Columbia24.39¢$71.14$854
Vermont24.44¢$71.28$855
New Jersey24.95¢$72.77$873
New Hampshire27.01¢$78.78$945
Alaska28.21¢$82.28$987
Rhode Island29.23¢$85.25$1,023
New York29.49¢$86.01$1,032
Maine29.59¢$86.30$1,036
Massachusetts29.61¢$86.36$1,036
California34.74¢$101$1,216
Hawaii52.72¢$154$1,845

Cutting the number down

Questions

How many watts does an electric water heater use?
Usage is better expressed as 3,500 kWh a year.
How much does an electric water heater cost per month?
About $53.49 a month at the U.S. average rate, or $642 a year.
Where is it cheapest to run?
Nevada, at $459 a year, versus $1,845 in Hawaii — a spread of $1,386.