Compare Iowa and Minnesota rates. Iowa pays 2.12¢/kWh less than Minnesota. See per-kWh rates, average bills, and usage.
Rate Comparison
Metric
Iowa
Minnesota
National Avg
Residential Rate
13.55¢/kWh
15.67¢/kWh
17.24¢/kWh
Avg Monthly Bill
$112.77
$111.62
$152.02
Monthly Usage
832 kWh
712 kWh
-
Market Type
regulated
regulated
-
Rate Rank (1=highest)
#41
#26
-
YoY Change
+12.3%
+14.1%
-
Key Findings
Iowa has lower electricity rates at 13.55¢/kWh vs 15.67¢/kWh in Minnesota (13.5% difference).
Iowa residents pay about $1 less per month on average ($111.62 vs $112.77).
Iowa is a regulated market while Minnesota is regulated.
Both states have seen rate increases: Iowa +12.3% and Minnesota +14.1% year-over-year.
Frequently Asked Questions
Is electricity cheaper in Iowa or Minnesota?
Iowa has lower residential electricity rates at 13.55¢/kWh compared to 15.67¢/kWh in Minnesota, a difference of 2.12¢/kWh.
What is the average electric bill in Iowa vs Minnesota?
The average monthly electric bill is $112.77 in Iowa and $111.62 in Minnesota. The national average is $152.02.
Are Iowa and Minnesota electricity markets regulated?
Iowa has a regulated electricity market, while Minnesota has a regulated market. In deregulated markets, consumers can choose their electricity provider.
How can I verify my electricity bill in Iowa or Minnesota?
Upload your bill to Utility Check for an independent third-party verification. We check rate calculations, compare your plan to alternatives, and identify billing errors. Visit our How It Works page to learn more.