What the Magic Chef HMCR320ME costs to run
At 323 kWh/yr, the Magic Chef HMCR320ME's ENERGY STAR certification puts it cheaper than most models in its category to run against every other certified refrigerator.
That $61 is priced at 18.8¢/kWh, the average of all 51 state rates this site tracks. Your own state's rate is one click away.
How the Magic Chef HMCR320ME compares to other refrigerators
Against the category average of 386 kWh/yr, this model uses 16.3% less, ranking 2,037 of 4,704 refrigerators tracked here for running cost. 4,704 certified refrigerators, one average, about $12/year of daylight between it and this model; the full methodology has the rest.
Neighbouring models
Right next to the Magic Chef HMCR320ME on that list: Magic Chef HMCR320BE ($61/yr, 323 kWh/yr) runs slightly less, while Magic Chef HMCR320RE ($61/yr, 323 kWh/yr) runs slightly more.
Same brand, different models
Ranked 89 of Magic Chef's 121 certified refrigerators, this sits between the MCR16CHB ($39/yr, the brand's cheapest) and the MCBM920W1 ($70/yr, its priciest).
Magic Chef HMCR320ME over 13 years
NAHB's Study of Life Expectancy of Home Components puts a typical refrigerator's service life at 13 years; run the Magic Chef HMCR320ME that long and it costs about $789 in electricity, on top of whatever it cost to buy.
Weighing a replacement
Efficient as certified refrigerators go, $61/year is a reasonable baseline if you're comparing what else is on the market.
See what else is certified in this category before you decide.
If you're keeping it
Whether or not the Magic Chef HMCR320ME ever needs replacing, a repair is the more common failure for a refrigerator, one a protection plan budgets for ahead of time.
How this was checked
Two sourced numbers, nothing modeled: ENERGY STAR's certified kWh/yr for this exact model, and EIA's published state electricity rate. Ranked 2,037 of 4,704, the Magic Chef HMCR320ME sits in the middle of the refrigerator category, see the guide to why your state changes this number for the other half of the math.