I live in the midwest also, but in urban/suburban areas of Iowa (like Iowa City) electricity is 12 cents per kilowatt hour. (2x400 watts) x (10hrs/day) /(1000watts/kw) x (30days/mth)= approx $28/mth. On top of the rest of the energy use of the system runs about 55 dollars a month for the tank. 4000 square foot home with only two adults (couple of 1000watt computers, all compact florescant lighting throughout, 42" plasma tv, dryer, fridge etc.) I'm at about $160/mth.
An appropriately sized chiller will make alot of difference, I was using a 1/5hp (about 500watts) unit on this system and it ran all day. Now I have a 1/3hp (about 800watts) that runs once every hour for about 20 minutes (as shown by my RK2 charts). Mathematically: (500watts) x (10hrs/day) x (30days/mth) / (1000watt/kwh) = $18
The larger chiller now: ((10hrs x 20min/hr) = (200minutes/day) / (60min/hr))= (3.3hrs/day) (800watts) x (30days/mth) / (1000watt/kw)= $9.6