Illinois’ Taxes Are Going Up, But Our Energy Costs Are Lower Than Most States
I have been giving myself too much credit. I thought, being the dad in my household, that my constant demands that my family "turn off that light if you're not in the room," or "close that door, I'm not heating/cooling the outside," or the classic "if you're that cold, put on a sweater" were actually keeping our energy bills lower. It turns out that it is because Illinois is one of America's least energy expensive states.
It may not seem that way when you tear open the bill (sorry, I'm somewhat old-school, maybe you just open your e-bill on your computer), but there are a lot of people in other states that are paying a higher energy cost than we do here in Illinois.
Here's what they looked at:
To better understand the impact of energy on our finances relative to our location and consumption habits, WalletHub’s analysts compared the total monthly energy bills in each of the 50 states and the District of Columbia. Our analysis uses a special formula that accounts for the following residential energy types: electricity, natural gas, motor fuel and home heating oil.
Let's look first at the 5 most energy expensive states:
3) Rhode Island
As for Illinois, we're on the other end of the spectrum. Here are the 5 least energy expensive states:
51) District of Columbia
Here's a look at Illinois' specifics:
Energy Consumption & Costs in Illinois (1=Most Expensive; 25=Avg.):
Avg. Monthly Energy Bill: $247
21st – Price of Electricity
36th – Electricity Consumption per Consumer
51st – Price of Natural Gas
17th – Price of Motor Fuel
40th – Motor-Fuel Consumption per Driver
Have a great weekend, and hey, let's close that door. Were you born in a barn?