Report: Pricey Energy Bill for Hoosiers
(photo courtesy: Wes Mills)
Factoring 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.