Cost Of Living Salary Increase 2024

Cost Of Living Salary Increase 2024. The expected cola for 2023 is 8.7%, meaning if you were going to give an employee an annual salary increase of $10,000, you would adjust that amount to $10,870 to account for inflation. See how far your salary will go to maintain your standard of living using our cost of living calculator.

Though employees want higher wages to mitigate the cost of living, as organizations prepare for 2024, they need to balance cost management and affordability with. By lori wisper | january 10, 2024.