Costco Raising Membership Prices This September

We all should have seen this coming. Costco just announced a price hike for memberships, the first increase since 2017.

The change was announced on Wednesday (July 10th). Price increases for memberships and services is basically a given these days, as businesses adapt to the changing times.

Even the USPS announced a slight price hike for some of their goods and services, changes which go into effect this month.

Even Olive Garden announced a price hike of two to three percent over the next year or so, and implemented the first part of that price hike last month. This is just the way of the world right now.

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Costco is the latest massive brand to announce a price hike. The good news? Rates will only go up by about five bucks for the basic membership program and slightly for the other membership tiers.

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The price hike will officially go into effect on September first of this year. These hikes will hit Costco stores nationwide, including in Minnesota and Wisconsin.

If you have an executive membership, you will also see a slight increase beginning on September 1st, with rates rising to $130 bucks, up ten bucks from where it stands now.

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This may not seem like a major change, but Costco has 52 million memberships at the time of writing so they will definitely be making a pretty penny from the increase. At least you save money from buying in bulk!