Costco has announced that they are increasing their membership prices in the US and Canada effective June 1, 2017. After the increase, an Individual membership will cost $60 a year (up from $55 a year) and an Executive membership will cost $120 a year (up from $110 a year). This is their first membership price increase since 2011.
Costco generates about 75% of its operating income from membership fees.
If you're a current Costco shopper, is the fee increase a dealbreaker for you? If you're not a current Costco shopper, you've still got several months to get a membership before the price increase takes place on June 1, 2017.