Although the average energy expense for a renter varies greatly by state (as well as city, month, and apartment), there is a way to estimate your monthly rate. Call Me Power determined the average cost per square foot using EIA data from 2009.
We’ve used it to create a foundation for forecasting the typical electric bill for numerous apartment sizes listed below, when combined with data outlining average apartment size. Although these values are still used to estimate average electric bills today, it’s worth noting that they are based on data from 2009.
The average electric bill for a studio apartment
According to Call Me Power, the average power cost per square foot for households of 500 to 1,000 square feet is $0.10. The average studio unit is 516 square feet.
Take the square footage and multiply it by $0.10 to get the typical electric bill for a studio. 516 square feet x $0.10 Equals $51.60 in the case of a typical studio.
If you look at the state energy cost table shown previously in this post, you can see if your bill will be more or cheaper than the national average.
The average electric bill for a 1-bedroom apartment
743 square feet is the average size of a one-bedroom apartment. That’s a little more than a studio, but it’s still under $0.10 per square foot.
The average power bill for a one-bedroom apartment is $74.30, according to the formula above. Just keep in mind that it may be greater depending on where you live, the time of year, and whether or not you have electric heat.
The average electric bill for a 2-bedroom apartment
Heating and cooling larger floor plans becomes marginally less expensive per square foot. However, because the houses are larger, the entire cost increases. Apartments ranging in size from 1,000 to 1,500 square feet are typically priced at $0.08 per square foot.
Because the average two-bedroom apartment is 1,072 square feet, the average power bill for such a space is $85.76. (Or higher if the living room and both bedrooms are both air-conditioned.)
The average electric bill for a 3-bedroom apartment
The average size of a three-bedroom apartment is 1,326 square feet. Because the area is between 1,000 and 1,500 square feet, the average cost per square foot is $0.08. This equates to a monthly average electric bill of $106.08 for a residence of this size.
How do you figure out the cost of utilities per square foot?
To begin, you’ll need a baseline against which to compare your existing expenditures, which is commonly calculated by dividing your monthly utility bill by the entire square footage of real estate serviced. Private-sector office buildings, for example, reported a utility cost of $2.14 per square foot in 2018.
How can you figure out how much electricity costs per square foot?
The size of your home can have a significant impact on your electricity bills. As a result, it’s a good idea to calculate how much electricity each square foot costs.
Take your most recent monthly electric bill and divide it by the square footage of your home to get an approximation of your own expenses per square foot. If your energy cost is higher than what is displayed in this graph, you might think about switching suppliers to save money.
How much electricity does an apartment consume?
A 750-square-foot one-bedroom apartment uses roughly 750 kwh per month on average. More square footage indicates higher costs, owing to the higher energy costs of heating and cooling a larger area. For every 1,000 square feet of space, the average apartment’s electricity use rises to around 880 kWh.
In an apartment, what consumes the most electricity?
Heating and cooling will often account for the majority of your monthly electricity usage. Heating and cooling can consume up to half of your monthly electricity bill.
Other big electricity consumers, such as water heaters, lighting, washers and dryers, and kitchen appliances, use the remaining 50%. Check out our breakdown of which appliances are causing your power bill to rise each month for additional information.
Take a moment to consider your individual energy habits when you plan your housing budget.
Do you do laundry on a regular basis? How frequently do you watch television? Do you use your air conditioner and heater on a regular basis? You can begin to estimate and compute your own electricity bills after you understand your personal electrical habits.
What is the best way to estimate my electric bill?
You’ll need to find out how much energy each of your appliances and electronic devices use in order to compute your electric bill. Estimating your electricity usage would be as simple as looking at an itemized supermarket ticket in an ideal world. You’d be able to see just how much you spend on the dishwasher, laundry, TV, and a month’s supply of hot water. That technology is growing closer every day, but for now, you’ll have to perform some arithmetic or spend some money to get an appliance-by-appliance analysis.
How do you figure out the cost of utilities?
While it’s difficult to predict how much your electric or water bill will cost each month, credit counseling firms recommend allocating 5% to 10% of your annual income to utilities.
What in a house consumes the most electricity?
The breakdown of energy use in a typical home is depicted in today’s infographic from Connect4Climate.
It displays the average annual cost of various appliances as well as the appliances that consume the most energy over the course of the year.
Modern convenience comes at a cost, and keeping all those air conditioners, freezers, chargers, and water heaters running is the third-largest energy demand in the US.
One of the simplest ways to save energy and money is to eliminate waste. Turn off “vampire electronics,” or devices that continue to draw power even when switched off. DVRs, laptop computers, printers, DVD players, central heating furnaces, routers and modems, phones, gaming consoles, televisions, and microwaves are all examples.
A penny saved is a cent earned, and being more energy efficient is excellent for both your wallet and the environment, as Warren Buffett would undoubtedly agree.
What can I do to reduce my electric bill?
Switching to a cheaper contract using our free gas and electricity comparison service is the greatest way to cut your energy prices. Here’s an illustration of how much money you could be able to save:
- Switching to the lowest power contract can save up to 324 for the average user on a normal tariff, and those with higher usage can save even more.
- Gas: On a regular tariff, the average user can save up to 390, and much more if they have a large family.
Compare energy deals and switch to a cheaper deal if you haven’t changed your supplier in over a year.
Take a look at our instructions if you’re having trouble paying your energy bills. What resources are available to assist you with paying your energy bills?
In an apartment, how can I reduce my power bill?
5 Ways To Reduce Electricity Consumption In Public Places
- Traditional lights should be replaced. It’s past time to switch to LEDs or CFLs in favor of halogen and neon lamps.
When you rent an apartment, what bills do you have to pay?
Utility bills, often known as utility expenses, are a broad phrase that refers to the various services and goods that make up a property’s operating costs, allowing you to live comfortably. Gas, electricity, water, home landline, broadband, and council tax are common examples. Security systems, trash collection, and sewer waste are all examples of utility costs in some locations. The majority of these service expenses will be borne by and paid by every household in the United Kingdom.