2024 Cost Of Living Raise. That equates to an average monthly rise of. The 3.2% increase in 2024 is less than the 2023 increase, which was 8.7% •.

The 3.2% increase in 2024 is less than the 2023 increase, which was 8.7% •. Now that the final data have been announced on the inflation rate for the third quarter of 2023, we know the 2024 cost of living adjustment (cola) for federal.