Average Cost Of Living Salary Increase 2024. Use salary.com's cost of living calculator to easily compare the cost of living in your current location to the cost of living in a new location. This is lower than the 9.7% increase in 2023.

Annual increases of nearly 10% in 2023 and 2024 were welcome, but by the time the minimum wage rise came through in april, high inflation had eroded minimum wage workers’ living standards. Are projecting an average salary increase of 3.