2024 Cost Of Living Increase Rate 2024. Each year, the irs, social security administration, and other federal agencies adjust policies to account for inflation. The annual inflation rate for the united states was 3% for the 12 months ending june, compared to the previous rate increase of 3.3%, according to u.s.

A chart of the 2024 cola figures can be found here. With today’s affordability challenges in mind, forbes advisor set out to investigate how states rank across essential expenditures, including housing costs,.