Ssa Cost Of Living Increase 2024 Calculator. On average, social security retirement benefits will increase by more than $50 per month starting in january. The social security administration’s annual cost of living adjustment for 2024 is 3.2%, reflecting a more moderate rate of inflation than the price jumps that necessitated last year’s 8.7% raise.

That equates to an average monthly rise of about $55 for all. We will announce the next cola in october 2025.