By Alex Napoliello |
New Jersey is the 11th least energy-expensive state in the country, according to a published report.
The study conducted by WalletHub looked at six factors including average monthly consumption of electricity, natural gas and fuel cost and ranked each state — and the District of Columbia — by its total energy costs.
Residents in the Garden State average $324 a month in energy costs, according to the report, including $156 in monthly fuel costs — the 9th lowest in the country.
Coloradans spend the least in energy costs ($301 per month) while those in Hawaii spend the most ($451 per month).
“Keep in mind that lower prices don’t always equate with lower costs, as consumption is a key determinant in the total amount of an energy bill,” the report noted. “In places with scorching summer weather but cheaper electricity like Southern Louisiana, households might end up with higher out-of-pocket costs than those in energy-expensive Northern California, where the temperate climate keeps heating and cooling units idle most of the year.”