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Electricity rates in Iowa

Homes in Iowa pay an average of 15.93¢ per kWh, 13% below the national average of 18.34¢. Enter your bill to see where you stand.

Iowa average: 15.93¢/kWh
Avg monthly bill: $149
Past 12 months: +3.9%

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How Iowa electricity prices compare

Iowa ranks 23rd cheapest of 51 (50 states plus D.C.) for residential electricity. At 15.93¢/kWh, it sits 13% below the national average of 18.34¢, and prices are up 3.9% over the past year.

The typical Iowa household uses about 935 kWh a month and pays around $149. Among Midwest states, Nebraska, North Dakota and South Dakota have lower rates.

Rate: 15.93¢
vs U.S.: −13%
Avg usage: 935 kWh
National rank: 23rd

To find your own rate, divide your total bill by the kWh you used. If you paid $149 for 935 kWh, you're right at the Iowa average.

Can you choose your electricity provider in Iowa?

No. Iowa is a regulated market: MidAmerican Energy and Alliant Energy both deliver and sell your power, and rates are set by the state utility commission. You can't switch supplier, but you can change how you pay, for example with a time-of-use plan, budget billing or efficiency upgrades.

Main electric utilities in Iowa

Most Iowa homes are served by MidAmerican Energy and Alliant Energy. Your utility's name and account number are near the top of your bill.

How to lower your electric bill in Iowa

Ask your utility about time-of-use pricing. Shifting laundry, dishwashing and EV charging to off-peak hours can cut 5–15%.
Tackle heating and cooling first. A smart thermostat and sealed air leaks usually save more than any other single change.
Check for assistance programs. LIHEAP and utility discount programs can lower bills for eligible households.

Iowa electricity FAQ

What is the average electricity rate in Iowa?

The average residential rate in Iowa is 15.93 cents per kWh as of September 2026, 13% below the national average of 18.34¢.

What is the average electric bill in Iowa?

About $149 per month, based on average use of roughly 935 kWh.

Can I switch electricity providers in Iowa?

No. Iowa is regulated, so your utility sells and delivers your power.

Who are the main electric utilities in Iowa?

The main utilities in Iowa are MidAmerican Energy and Alliant Energy.

Compare other Midwest states

Averages are EIA residential revenue divided by kWh sold, September 2026. Your rate depends on your utility, plan and season. See all 50 states.