Cost Of Living 2024 Estimate. This calculator helps you calculate your cost of living in any future year based on your projected lifestyle and adjusted for your expected annual rate of. And 63% feared that their retirement income wasn't enough to cover the cost of essentials.

Cost of living is defined as the amount of money required to cover necessary expenses to maintain a certain lifestyle standard in a particular place. That’s a huge drop from this year’s 8.7% cola, which pushed the average monthly check up by about $146.