Report: Pricey Energy Bill for Hoosiers
(photo courtesy: Wes Mills)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowFactoring home energy prices and use, along with auto fuel prices and usage, Hoosiers have the 10th highest energy costs in the U.S., according to a report from personal finance website WalletHub.
The report shows the average monthly energy bill is $295 per household.
WalletHub compared the total monthly energy bills in each of the 50 states and the District of Columbia. It used a special formula that accounts for a variety of residential energy types: electricity, natural gas, and home heating oil. Analysts also factored in motor fuel prices and how much is used.
Energy Consumption & Costs in Indiana (1=Most Expensive; 25=Avg.; 50=Most Expensive):
- 25th – Price of Electricity
- 22nd – Electricity Consumption per Consumer
- 13th – Natural-Gas Consumption per Consumer
- 23rd – Price of Motor Fuel
- 9th – Motor-Fuel Consumption per Driver
Connecticut was the most expensive state for energy costs, Washington registers as least expensive.
WalletHub says energy costs account for between 5% and 22% of families’ total after-tax income.
Click here to view the report.