2024 Cost Of Living Increase Percentage. Senior citizens are getting a much smaller raise in 2024 than they did in 2023. Payscale found merit and performance will be the highest driver of base pay increases in 2024, with 79% of companies listing it as a factor, compared to market adjustment and cost of labor (57%), inflation and cost of living (47%), and internal pay equity (40%).
In the case of recurring household costs, rents and home sales, the 2024 data cited is current through last month and it is. The value of $100 captures how much 100 george washingtons are worth in the state.