Eh...
Water comes into a house from underground. Underground is very well insulated. There are probably building codes up north that state that water pipes have to be below a certain depth in order to meet code and not freeze. I would bet that the temperature difference in water entering the house is fairly low.
Also, if you want to consider those variables, you can have a different cost per KW/Hr if you're one county over. That will likely affect your cost margin more than the water coming into the house.
Now air, that might be a different story.
There is a sizable difference in water temperature between city water in Florida and well water in Michigan.