Social Security Increase 2024 $200 200 Dollars. With the average social security check coming in at $1,787 per month, in 2023, the estimated 2024 social security cola would be around $54 per month. That adds about $50 monthly to the average retirement benefit consumers.

Anyone who is a current social security recipient or who will turn 62 in 2023 — the earliest age at which an individual. In 2024, the annual increase to social security benefits (cola) will be 3.2%.