The famous warehouse club Costco has announced a few changes to its membership structure here in Montana.

Costco Raises Membership Fees For First Time Since 2017
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Membership fees at Costco have remained unchanged since 2017; however, as prices continue to climb and inflation increases, the retail giant has been forced to make some changes to its memberships.

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Costco Raises Membership Fees For First Time Since 2017
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Impact on Costco Memberships

Costco has announced that it's basic and premium membership fees will increase on September 1 of 2024.

This marks the first price hike in membership since 2017.

  • Basic Memberships will go from $60-$65 annually.
  • Premium memberships will go from $120-$130 a year.
  • If you're part of the cool crowd that has an executive membership through Costco, these annual memberships range from $1000 to $1250.

These memberships give you enhanced benefits, discounts, and rewards for purchases.

Costco Raises Membership Fees For First Time Since 2017
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Comparison with Competitors

Sam's Club also recently bumped their rates.

  • Basic Memberships: $50
  • Premium: $110
Costco's Quarterly Earnings Beat Expectations
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Consistency in Popular Products

Despite the increase in membership fees, don't worry; the iconic $1.50 hotdog special is not going anywhere.

I'm sure they are losing an incredible amount of money by maintaining this deal, but selfishly, I'm glad it's not going anywhere!

This deal has been in place since 1985, believe it or not.

About Costco

The retail giant Costco is headquartered in Issaquah, Washington.

I was amazed to find out that Costco operates 882 warehouses globally, most of which are in the United States and Puerto Rico.

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Updates Coming to Costco Membership Prices

How do you feel about these changes?

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