Magic Chef MCTM18B Running Cost (Refrigerator)
Running cost for the Magic Chef MCTM18B
ENERGY STAR certifies the Magic Chef MCTM18B at 360 kWh/yr, about average for its category to run for its category.
The $68 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
Where this ranks
That's 6.7% below the refrigerator category average of 386 kWh/yr, and ranks 2,502 of 4,704 certified refrigerators for annual running cost, 1 being cheapest. Every one of the 4,704 currently-certified refrigerators feeds that average, putting this model about $5/year under it. See how it's calculated on the how it is calculated page.
The closest alternatives by cost
Sorted by running cost among refrigerators, one step cheaper is Jenn-Air JBRF36IGX ($68/yr, 360 kWh/yr), and one step pricier is Magic Chef MCTM18PS ($68/yr, 360 kWh/yr).
Within the Magic Chef lineup
Magic Chef makes 121 ENERGY STAR certified refrigerators; this one ranks 117 of 121 for running cost, between the brand's cheapest, the MCR16CHB at $39/yr, and its priciest, the MCBM920W1 at $70/yr.
What this adds up to over time
Over the 13-year service life NAHB reports for this category, running the Magic Chef MCTM18B costs roughly $880 in electricity, separate from the purchase price.
Is it worth replacing?
The Magic Chef MCTM18B is already efficient for its category at $68/year. If you're shopping and comparing options, this is roughly what a well-chosen new refrigerator costs to run.
Compare current ENERGY STAR certified refrigerators before buying.
Protecting what you have
Whether or not the Magic Chef MCTM18B ever needs replacing, a repair is the more common failure for a refrigerator, one a protection plan budgets for ahead of time.
The data behind this page
Nothing here is estimated from a nameplate wattage; the 360 kWh/yr is ENERGY STAR's own certified figure for this model. The full Refrigerator category page shows all 4,704 refrigerators ranked by cost; the state-rate guide covers the half of this number that isn't the appliance.