Updated: 07/14/2014 9:41 PM
Created: 07/14/2014 9:39 PM WHEC.com
New York ranks among the most expensive states for energy bills, a new report from WalletHub shows.
WalletHub, a social website launched by Evolution Finance that offers financial tools and information for consumers and small-business owners, ranked New York 38th among the 50 states and District of Columbia based on energy efficiency. The report, 2014’s Most & Least Energy-Expensive States, looked at six key metrics, including electricity cost, consumption, natural gas prices and fuel prices.
New Yorkers average $365 a month in energy costs, including electricity costs of $126 and natural gas costs of $80. Drivers pay some $160 a month for gasoline, on average.
The least expensive state for energy costs is Colorado, where residents average $301 total, including $83 a month in electricity costs. The most expensive state is Hawaii at $451 a month in energy costs. Hawaiians average $209 monthly in electricity costs and $163 for gasoline.
North Dakota residents pay the least for electricity, while Hawaiians pay the most. The lowest natural gas prices are in Colorado and the lowest fuel prices can be found in South Carolina.
WalletHub notes that in the U.S. some 7.1 percent of the average consumer’s total income is spent on energy costs.
To see the report, click here.