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2027 Social Security COLA: 3.6%

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OFFICIAL The 2027 cost-of-living increase is 3.6%. The Social Security Administration announced it on October 14, 2026 (read the announcement). It takes effect with January 2027 payments.

The September 2026 price data is in as well, and the formula gives the same 3.6% from the three months in the table below.

The Social Security Administration has announced the 2027 cost-of-living increase: 3.6%. Put your current monthly benefit in below to see what your payment becomes from January 2027. The box is filled in with the official 3.6%, and you can type any other percentage to compare.

What the 3.6% increase does to your payment

The gross monthly amount on your benefit letter, before Medicare or tax is taken out. If you only know the amount that lands in your bank account, use that and read the answer the same way — the increase applies to the gross figure.

Filled in with the official 3.6% announced by the Social Security Administration on October 14, 2026. Type any other percentage to compare.

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More each month— More over a year— New yearly total—

General information only, not financial or benefits advice. The figures above apply the percentage in the box to the benefit you typed. Your exact new amount is on your own benefit notice from Social Security.

The other 2027 Social Security numbers

The same announcement moved these limits for 2027. Every figure is from Social Security’s 2027 fact sheet.

Social Security limits for 2026 and 2027, from SSA’s 2027 COLA fact sheet
What20262027
Pay taxed for Social Security, yearly limit$184,500 a year$192,300 a year
The 6.2% Social Security tax stops once your pay at one job passes this limit. Find the 2026 paycheck it stops on.
Earnings limit while collecting, under full retirement age$24,480 a year$25,560 a year
Social Security holds back $1 of benefits for every $2 you earn above it.
Earnings limit in the year you reach full retirement age$65,160 a year$67,920 a year
Counts only the months before you reach full retirement age, and $1 is held back for every $3 above it. From that month on there is no limit.
Highest benefit, retiring at full retirement age$4,152 a month$4,188 a month
Average retired worker's benefit$2,095 a month, without the increase$2,170 a month, with it
Both figures are Social Security's estimate for January 2027 payments, without the increase and with it. Neither is the 2026 average.
SSI federal payment, one person$994 a month$1,029 a month
SSI federal payment, couple$1,491 a month$1,544 a month
Disability: earnings limit (not blind)$1,690 a month$1,770 a month
Social Security calls this substantial gainful activity: earning more than this generally counts as being able to work.

The three months the figure is computed from

The increase is not a judgement call, it is a division. Take the average of the price index called CPI-W for July, August and September 2026, divide it by the average for the same three months of 2025, and that percentage is the COLA. Here are the three months:

CPI-W months the 2027 Social Security COLA is computed from
MonthIndex valuePublished or dueSource
July 2026327.104August 12, 2026BLS series
August 2026328.481September 11, 2026BLS series
September 2026330.654October 14, 2026BLS series

With all three months in, the July–September 2026 average divided by the July–September 2025 average gives 3.6% after rounding to the nearest tenth, the same figure the Social Security Administration announced.

The half of the sum that is already settled

The bottom of the fraction is finished and cannot change: the July–September 2025 CPI-W average is 317.265.

CPI-W months for the third quarter of 2025, the base for the 2027 COLA
MonthIndex valuePublishedSource
July 2025316.349August 12, 2025BLS series
August 2025317.306September 11, 2025BLS series
September 2025318.139October 24, 2025BLS series

What forecasters estimated before the announcement

These were forecasts made before the official figure existed, and none of them is ours. They are kept here with their dates so you can see how each compared with the 3.6% that was announced.

Published third-party estimates of the 2027 Social Security COLA
WhoEstimateAs ofSource
The Senior Citizens League (TSCL)3.5%September 11, 2026TSCL Predicts COLA at 3.5% With One Month to Announcement
TSCL's monthly model, revised after the August 2026 CPI release. TSCL calls this its final prediction for the 2027 COLA. Date is the article's publication date.
Mary Johnson (independent Social Security and Medicare policy analyst)3.7%July 14, 2026Social Security COLA in 2027: Cooling inflation lowers estimate
Revised down a full point from the 4.7% she published in June 2026 after the June CPI report. Anyone still quoting 4.7% is quoting the June figure.

Each forecast above was made with fewer months of price data than the official figure used, which is why the date beside it matters as much as the number.

How the COLA is actually calculated

  • The index is CPI-W, not the headline inflation number you hear on the news. CPI-W tracks prices for urban wage earners and clerical workers, a different basket from the CPI-U figure usually reported.
  • The comparison is quarter to quarter: the July–September average of this year against the July–September average of the last year a COLA was set. Not December to December, not a twelve-month average.
  • It is rounded to the nearest tenth of a percent. A raw 3.84% becomes 3.8%; 3.86% becomes 3.9%.
  • It can never be negative. If prices fall, the COLA is 0.0% and benefits stay where they are. Benefits are not cut.
  • Each person's new monthly amount is rounded down to the whole dollar, which is why the calculator above will not show you an exact percentage of your benefit.
  • Announced mid-October, paid from January. The announcement normally comes the same morning the September price data is published.

The catch nobody puts in the headline: Medicare Part B

If your Medicare Part B premium comes out of your Social Security payment — for most people it does — then the amount that actually reaches your bank account goes up by less than the COLA suggests, because the Part B premium for 2027 rises too. That premium is set separately, by a different agency, and is normally announced in November, a month after the COLA. So in October you will know your increase and not yet know how much of it you keep. We are not going to compute that for you with a premium nobody has published; when the figure exists it is a straight subtraction from the monthly increase shown above.

Related

General information only, not financial, benefits or tax advice. The 3.6% figure is the Social Security Administration’s; the dollar amounts are our arithmetic on it. Check ssa.gov or your own benefit letter for anything that matters.

Sources

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