My wife lives alone in a 1500ish sq ft house in Dallas and her elec bill last month was $270. She prefers warmer temps so she's keeping the house near 80 most of the time, and still had an elec bill way over $200.
The only way to bring it down is to aggressively insulate the house and get a high efficiency AC unit, but of course you can easily spend $15,000 on home upgrades that will only save you $50 or so per month. If you're going to keep the house for a long time, I'd say go nuts and get the double paned insulated windows, insulate the walls/ceiling/roof, etc. But if you're only going to keep the house a couple of years, then you're better off just fiddling with your thermostat to find a balance between home temp and cost.