States where homeowners spend more and less on basic services

As a new home owner, a huge utility bill can feel like a punch in the stomach. While shopping for a home, it’s normal to focus on the cost of the home and the amenities that come with it, but the cost of basic utilities isn’t always the focus during the buying process.

If that feels intimidating, now there’s a way to get ahead of the curve. Angi’s recent research shows us which states have the highest and lowest utility bills each month, to help you become more informed. You can even take that knowledge a step further by moving to a new place to help you stretch your money even further.

Adobe

common household services

While you can count your latest streaming platform subscription or GrubHub costs as essentials, electricity, water, natural gas, internet, and cable are the most often considered essential services. In certain areas, garbage and sewer are also charged as utilities.

Angi’s data calculated which states have the highest and lowest utility costs for electricity, water, natural gas, internet and cable, pulling data from various sources.

Some utilities cost more than others

Certain utilities cost more depending on different factors. The cost of electricity can vary widely due to fuel availability, fuel costs, different power plants, and state and local regulations. For example, homeowners in Hawaii spend an average of $201.05 each month on electricity, while homeowners in Utah pay $79.13.

Natural gas prices are affected by several factors, including operating costs, local taxes and regulations, the distance each area is from the natural supply, and the local retail climate. Idaho was the clear winner in this category, with homeowners spending an average of just $6.87 per month, while those in Hawaii shelled out more cash, an average of $48.44.

Water prices also fluctuate. According to the study, Washington homeowners spend an average of $91 per month, while Utah homeowners spend just $18. The general rule of thumb is that regions with easier access to water end up with lower water costs, while drier locations have higher prices.

While internet and cable haven’t always been considered a monthly utility, Angi included them in the expense category this year, and the range varies widely by state. Internet and cable spending came to an average of $148 per month for homeowners in Alaska, and was just $92 in South Dakota.

Adobe

States where utility bills accumulate

Angi’s analysis found that people living in Alaska, Hawaii, California, New Hampshire and Connecticut pay an average of $150 to $200 more per month than homeowners in the states with the lowest utility costs.

The following states had the highest utility bills for homeowners in the country, according to Angi’s research:

  1. Hawaii ($402.49 total monthly cost)
  2. New Hampshire ($373.16)
  3. Connecticut ($370.89)
  4. California ($348.60)
  5. Alaska ($346.76)
  6. Virginia ($340.77)
  7. Mississippi ($336.58)
  8. Massachusetts ($325.05)
  9. Florida ($324.57)
  10. Arizona ($321.38)

States where homeowners have the lowest utility bills

Homeowners in Utah, Idaho and Montana pay less. According to the study, states at the lower end of the spectrum have net savings of approximately $2,366.52 per year compared to the others.

Here are the states that Angi found had the lowest cost to homeowners for basic services:

  1. Utah ($205.38 total monthly cost)
  2. Idaho ($220.42)
  3. Mountain ($228.16)
  4. New Mexico ($228.36)
  5. Nebraska ($232.00)
  6. North Dakota ($238.17)
  7. Iowa ($242.54)
  8. Illinois ($250.69)
  9. colorado ($253.09)
  10. Oregon ($256.44)

Adobe

How to reduce your utility bills

There is no need to feel hopeless if your status ranks high. As a homeowner, you can make certain changes to help save money in the long run. If your electric bills are high, consider weatherizing your home, upgrading to energy-efficient appliances, and installing a smart thermostat. Reducing your water use can lower your monthly bills, but you may also want to make sure a pipe isn’t leaking. Of course, it never hurts to shop around for the best internet and cable rates.

If your monthly utility bills have you in a worrisome place, consider consulting with an energy auditor. They may be able to help you save money on your natural gas bills and in other areas. You may have more control than you think.





Source link

James D. Brown
James D. Brown
Articles: 8683