Electricity prices in Iowa City, IA
Households in Iowa City pay 17.1¢/kWh (Iowa average), about $145 a month for 848 kWh a month, the Iowa household average. Today's wholesale price in Upper Midwest (MISO Minnesota hub) averages 4.2¢/kWh; the cheapest hours are 12 am, 1 am, 2 am.
Monthly electricity bill by consumption
| Consumption | Per month | Per year |
|---|---|---|
| 500 kWh a month | $85 | $1,024 |
| 1,000 kWh a month | $171 | $2,047 |
| 1,500 kWh a month | $256 | $3,071 |
| 2,000 kWh a month | $341 | $4,094 |
At 17.1¢/kWh, the average household price including taxes and fixed charges (August 2026). Small households usually pay a little more per kWh, large ones a little less.
Electricity prices in Upper Midwest (MISO Minnesota hub) today
Business electricity in Iowa City
Commercial customers pay 14.2¢/kWh and industrial customers 9.3¢/kWh (Iowa average).
Home running costs in Iowa City
In Iowa City, running an 860 sq ft home costs on average $96 a month excluding rent – 15% more expensive than the US average.
Monthly cost breakdown
Default home: 860 sq ft, 2 people, 2,500 kWh electricity a year.
Iowa City compared with the average for the United States
Your biggest saving opportunity
Switching from a gas boiler to a heat pump would cut heating costs in Iowa City by about $215 a year at today's prices.
Running your washing machine, dishwasher and car charging in the cheapest hours instead of the evening peak saves about 2.3¢/kWh per kWh moved (Upper Midwest (MISO Minnesota hub)).
Gas boiler vs heat pump calculator · Monthly home running cost calculator
Heating need through the year
Heating with a gas boiler: about 9,049 kWh a year at 8.1¢/kWh.
Solar potential in Iowa City
1 kWp of solar panels produces about 1,477 kWh a year here. ($252 per year)
Not yet available for Iowa City: Water.
How we calculate this
Electricity: average residential price per kWh in the state (August 2026). Heating: heating degree days for the location × floor area × building factor, priced with the gas boiler cost (state residential natural gas price). Water and rent are added when official data is available. Methodology
Nearby cities
More cities in Iowa
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