Social Security COLA<\/a> announcement. But estimates from The Senior Citizens League (TSCL), a nonpartisan senior group, suggest that next year’s COLA will be around 3.8%.<\/p>\nThis would add roughly $79 to the $2,081 average monthly benefit as of April 2026. But there are plenty of seniors who stand to gain a lot more than this.<\/p>\n
Many states would see their average benefits increase by a lot more, too, especially if they have high average incomes, like the 10 listed below. The following table gives each state’s average benefit as of December 2024, plus its estimated 2026 benefit, which includes this year’s 2.8% COLA, and its estimated 2027 benefit, assuming a 3.8% COLA.<\/p>\n
State<\/p>\n
Average Benefit (Dec. 2024)<\/p>\n
Estimated Average Benefit (2026)<\/p>\n
Estimated Average Benefit With 3.8% 2027 COLA<\/p>\n
Connecticut<\/p>\n
$2,196.15<\/p>\n
$2,257.64<\/p>\n
$2,343.43<\/p>\n
New Jersey<\/p>\n
$2,190.05<\/p>\n
$2,251.37<\/p>\n
$2,336.92<\/p>\n
New Hampshire<\/p>\n
$2,183.82<\/p>\n
$2,244.97<\/p>\n
$2,330.28<\/p>\n
Delaware<\/p>\n
$2,170.63<\/p>\n
$2,231.41<\/p>\n
$2,316.20<\/p>\n
Maryland<\/p>\n
$2,139.54<\/p>\n
$2,199.45<\/p>\n
$2,283.03<\/p>\n
Washington<\/p>\n
$2,099.38<\/p>\n
$2,158.16<\/p>\n
$2,240.17<\/p>\n
Minnesota<\/p>\n
$2,095.13<\/p>\n
$2,153.79<\/p>\n
$2,235.64<\/p>\n
Massachusetts<\/p>\n
$2,084.32<\/p>\n
$2,142.68<\/p>\n
$2,224.10<\/p>\n
Michigan<\/p>\n
$2,066.03<\/p>\n
$2,123.88<\/p>\n
$2,204.59<\/p>\n
Utah<\/p>\n
$2,065.18<\/p>\n
$2,123.01<\/p>\n
$2,203.68<\/p>\n
Data source: Social Security Administration and author’s calculations.<\/p>\n
It’s important to remember that these are only averages. Many beneficiaries in these states will receive less than the amount shown, while others will get more.<\/p>\n
You can get a rough idea of where your checks might wind up by adding 3.8% to your current benefits. Just keep in mind that the COLA may come in slightly higher or lower than this. We won’t know for sure until the Social Security Administration makes the official announcement in mid-October. Once the official announcement comes in, it’ll be time to start preparing your 2027 budget.<\/p>\n","protected":false},"excerpt":{"rendered":"If you’re on Social Security, you’ll get some sort of benefit increase in January, thanks to the 2027…\n","protected":false},"author":2,"featured_media":738513,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,133,131,132],"class_list":["post-738512","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-ca","tag-canada","tag-finance","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/738512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=738512"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/738512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/738513"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=738512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=738512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=738512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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