NEW: 2023’s “Most & Least Energy-Expensive States” — See Where RI Ranks

NEW: 2023’s “Most & Least Energy-Expensive States” — See Where RI Ranks

Rhode Island is a relatively “energy-expensive” state, as compared to the rest of the country -- but not the rest of New England. 

The new ranking of “Most & Least Energy-Expensive States” by WalletHub has RI coming in 15th for total monthly energy costs ($526) per resident — which takes into account electricity, natural gas, motor fuel, and home heating oil costs. 

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The most expensive state according to the rankings is Wyoming ($845). Washington, DC comes in as the least expensive ($274).

Rhode Island ranks 5th in New England — Connecticut is 4th most expensive overall; Massachusetts is 5th, Vermont is 7th, and New Hampshire is 9th.

 

SEE MAP -- AND RANKINGS -- BELOW

“Get ready to crank up your air conditioner — and utility budget. Last summer was the third hottest on record for America, and this year is predicted to bring more sweltering heat to many parts of the country. Coupled with high inflation, this heat wave may eat into many Americans’ wallets, as one-fourth of U.S. households already spend more than 6% of their income on utility bills,” writes WalletHub.

WalletHub continues:

"Where we live and how much energy we use also factor into the equation, though. It’s important to consider energy consumption when choosing a place to live, as around 27% of American households have difficulty meeting their energy needs.

To better understand the impact of energy on our finances relative to our location and consumption habits, WalletHub compared the total monthly energy bills in each of the 50 states and the District of Columbia. Our analysis uses a special formula that accounts for the following residential energy types: electricity, natural gas, motor fuel and home heating oil."