Induction Cooktop in Memphis — $69/yr to Run (13.1¢/kWh)
Your induction cooktop in Memphis costs about $6/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
$0.19
1.4 kWh/day
Monthly Cost
$5.74
44 kWh/mo
Annual Cost
$69
526 kWh/yr
Lifetime (15yr)
$1,033
energy only
Monthly Cost Breakdown in Memphis
| Period | kWh | Memphis Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 1.4 | $0.19 | $0.19 | +$0.00 |
| Weekly | 10.1 | $1.32 | $1.31 | +$0.01 |
| Monthly | 43.8 | $5.74 | $5.69 | +$0.04 |
| Quarterly | 131.4 | $17.21 | $17.08 | +$0.13 |
| Annual | 525.6 | $68.85 | $68.33 | +$0.53 |
Customize Your Induction Cooktop Cost
Adjust usage hours and electricity rate to calculate your exact cost in Memphis.
Daily
$0.19
Monthly
$5.74
Annual
$69
15-Year
$1,033
Energy Saving Tips for Induction Cooktop in Memphis
- ✓Memphis electricity rates are 1% above the national average — energy efficiency matters more here.
- ✓A smart Induction Cooktop with scheduling optimization can save ~$7/year at Memphis rates.
- ✓Use induction-compatible cookware
- ✓Heats 50% faster than electric coils
- ✓Wipe spills immediately as surface stays cool
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
Electric Water Heater (Tank)
Water Heating · 4,500W
$646/yr
$53.79/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$646/yr
$53.79/mo
Heat Pump
HVAC · 2,400W
$503/yr
$41.92/mo
Induction Cooktop Cost in Other Tennessee Cities
| City | Rate | Annual Cost | vs Memphis |
|---|---|---|---|
| Memphis (current) | 13.1¢ | $69 | — |
| Nashville | 12.0¢ | $63 | $-6 |
| Knoxville | 12.0¢ | $63 | $-6 |
| Chattanooga | 12.3¢ | $65 | $-4 |
| Clarksville | 11.3¢ | $60 | $-9 |
| Murfreesboro | 12.7¢ | $67 | $-2 |
| Franklin | 12.5¢ | $66 | $-3 |
| Johnson City | 11.9¢ | $63 | $-6 |
| Jackson | 9.4¢ | $50 | $-19 |
Induction Cooktop Energy Cost FAQ — Memphis, TN
Understanding Induction Cooktop 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 Induction Cooktop (1,800W) at Memphis's rate of 13.1¢/kWh costs approximately $69 per year — $1 more than the national average of $68.
Memphis rates are 1% above the national average — a modest premium that adds $1 per year to Induction Cooktop operating costs. Over the appliance's 15-year lifespan, that's $8 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 Induction Cooktop adds $5.74/month to a typical bill of $152. While no ENERGY STAR version is available, a smart Induction Cooktop with automated scheduling can reduce consumption by 10%, saving $7/year.
In Memphis's warm climate (avg 71°F), HVAC-related appliances tend to run more frequently, compounding energy costs. A Induction Cooktop produces approximately 0.38 tons of CO2 annually at typical usage. Memphis residents can reduce this footprint by 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.