Cost Of Living Adjustment 2024 Seattle Washington 2024. Colas used in city labor contracts are determined by one of the following three measures: The 2024 social security cost of living increase — or cola — is to be announced on thursday.

The resulting cost of living adjustment (cola) for 2024 increases the maximum monthly benefit to $8,913.80 or 120 percent of the state’s average monthly wage. The average cost of living in seattle is $2908, which is in the top 2% of the most expensive cities in the world, ranked 206th out of 9294 in our global list, 168th out of 2202 in the united states, and 4th out of 54 in.