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Social Security’s COLA in 2025: Some States Will Do Better Than Others

Each year, Social Security recipients receive a cost-of-living adjustment (COLA), designed to offset inflation and maintain the purchasing power of their benefits. The official 2025 COLA will be determined once the Consumer Price Index data for September is released by the Labor Department on Thursday, Oct. 10, at 8:30 a.m. ET.

Ahead of this, The Senior Citizens League, a respected nonprofit advocacy group, has projected a 2.6% increase in benefits for the next year. If this forecast holds, it would mark the smallest percentage increase since 2021. Despite this, the actual dollar amount of the increase could be more substantial for retirees in certain states due to higher baseline benefits.

The disparity in Social Security benefits across states can largely be attributed to variations in median income. States like New Jersey, New Hampshire, Maryland, Washington, and Massachusetts not only feature among the top ten for median income but also for Social Security benefits. This correlation underscores the impact of lifetime earnings on retirement benefits.

Interestingly, factors such as migration during retirement can also influence these statistics. States with high living costs like California and Washington D.C. see a trend where retirees might relocate, thus affecting the average benefits in those regions.

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