Electric Water Heater (Tank) in Memphis — $646/yr to Run (13.1¢/kWh)
Your electric water heater (tank) in Memphis costs about $54/month at 13.1¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Memphis, TN Electricity Rate
13.1¢/kWh
Utility: Memphis Light, Gas & Water
+1% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$1.77
13.5 kWh/day
Monthly Cost
$53.79
411 kWh/mo
Annual Cost
$646
4,928 kWh/yr
Lifetime (12yr)
$7,746
energy only
Monthly Cost Breakdown in Memphis
| Period | kWh | Memphis Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 13.5 | $1.77 | $1.76 | +$0.01 |
| Weekly | 94.5 | $12.38 | $12.29 | +$0.09 |
| Monthly | 410.6 | $53.79 | $53.38 | +$0.41 |
| Quarterly | 1231.9 | $161.38 | $160.14 | +$1.23 |
| Annual | 4927.5 | $645.50 | $640.58 | +$4.93 |
Customize Your Electric Water Heater (Tank) Cost
Adjust usage hours and electricity rate to calculate your exact cost in Memphis.
Daily
$1.77
Monthly
$53.79
Annual
$646
12-Year
$7,746
Energy Saving Tips for Electric Water Heater (Tank) in Memphis
- ✓Memphis electricity rates are 1% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Electric Water Heater (Tank) in Memphis saves ~$97/year compared to standard models.
- ✓A smart Electric Water Heater (Tank) with scheduling optimization can save ~$97/year at Memphis rates.
- ✓Set temperature to 120F
- ✓Insulate tank and hot water pipes
- ✓Drain sediment annually
ENERGY STAR Savings: Upgrading to an ENERGY STAR Electric Water Heater (Tank) in Memphis saves approximately $97/year at local rates — $1,162 over the appliance lifetime.
Highest-Cost Appliances in Memphis, TN
See which appliances cost the most to run at Memphis's 13.1¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$1,698/yr
$141.48/mo
Electric Furnace
HVAC · 10,000W
$1,179/yr
$98.25/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$861/yr
$71.72/mo
EV Charger (Level 2)
Garage · 7,200W
$849/yr
$70.74/mo
Boiler (Electric)
HVAC · 6,000W
$707/yr
$58.95/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$646/yr
$53.79/mo
Heat Pump
HVAC · 2,400W
$503/yr
$41.92/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$472/yr
$39.30/mo
Electric Water Heater (Tank) Cost in Other Tennessee Cities
| City | Rate | Annual Cost | vs Memphis |
|---|---|---|---|
| Memphis (current) | 13.1¢ | $646 | — |
| Nashville | 12.0¢ | $590 | $-56 |
| Knoxville | 12.0¢ | $591 | $-54 |
| Chattanooga | 12.3¢ | $607 | $-38 |
| Clarksville | 11.3¢ | $559 | $-87 |
| Murfreesboro | 12.7¢ | $626 | $-20 |
| Franklin | 12.5¢ | $615 | $-30 |
| Johnson City | 11.9¢ | $586 | $-59 |
| Jackson | 9.4¢ | $466 | $-180 |
Electric Water Heater (Tank) Energy Cost FAQ — Memphis, TN
Understanding Electric Water Heater (Tank) Energy Costs in Memphis, TN
In a major metro like Memphis, electricity demand is high and rates reflect the cost of maintaining infrastructure for 0.6 million residents. Running a high-draw appliance like the Electric Water Heater (Tank) (4,500W) at Memphis's rate of 13.1¢/kWh costs approximately $646 per year — $5 more than the national average of $641.
Memphis rates are 1% above the national average — a modest premium that adds $5 per year to Electric Water Heater (Tank) operating costs. Over the appliance's 12-year lifespan, that's $59 in cumulative extra spending versus the national average.
Memphis's cost of living index of 87 is below the national average, and electricity costs reflect that affordability. The Electric Water Heater (Tank) adds $53.79/month to a typical bill of $152. Upgrading to an ENERGY STAR Electric Water Heater (Tank) can cut energy use by up to 15%, saving approximately $97 per year at Memphis rates.
In Memphis's warm climate (avg 71°F), HVAC-related appliances tend to run more frequently, compounding energy costs. A Electric Water Heater (Tank) produces approximately 3.52 tons of CO2 annually at typical usage. Memphis residents can reduce this footprint by choosing an ENERGY STAR certified unit, optimizing usage patterns, or investing in solar — see our solar savings calculator for Memphis.
Compare All Energy Costs in Memphis
See energy costs for 168+ household appliances at Memphis's local electricity rate.