16 Southern Cities Where Utility Bills Are Skyrocketing
Where you live affects how much you’re paying for utilities. According to a recent Bank of America Institute report, coastal cities have seen bigger utility cost upswings than landlocked cities, with Southern cities seeing the largest spikes.
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The study notes that utility costs are particularly higher in Texas and Florida, which have less regulation regarding utilities and are more at risk of climate change impacts.
Here’s a look at the Southern cities where utility bills have been skyrocketing.
Tampa, Florida
Year-over-year median utility payment growth: 20%
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Houston
Year-over-year median utility payment growth: 18%
North Port-Sarasota-Bradenton, Florida
Year-over-year median utility payment growth: 18%
Deltona-Daytona Beach-Ormond Beach, Florida
Year-over-year median utility payment growth: 17%
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Naples-Marco Island, Florida
Year-over-year median utility payment growth: 16.5%
Savannah, Georgia
Year-over-year median utility payment growth: 16%
Austin, Texas
Year-over-year median utility payment growth: 15.5%
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Palm Bay-Melbourne-Titusville, Florida
Year-over-year median utility payment growth: 15%
Dallas
Year-over-year median utility payment growth: 14.5%
Port St. Lucie, Florida
Year-over-year median utility payment growth: 14.5%
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Miami
Year-over-year median utility payment growth: 12.5%
Cape Coral-Fort Myers, Florida
Year-over-year median utility payment growth: 12%
Greensboro-High Point, North Carolina
Year-over-year median utility payment growth: 12%
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Raleigh-Cary, North Carolina
Year-over-year median utility payment growth: 11%
Orlando, Florida
Year-over-year median utility payment growth: 11%
San Antonio
Year-over-year median utility payment growth: 11%
Data is sourced from Bank of America Institute and is accurate as of Nov. 20, 2023.
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This article originally appeared on GOBankingRates.com: 16 Southern Cities Where Utility Bills Are Skyrocketing