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Costco memberships may cost more this summer, report says

Shoppers walk into a Costco store, Wednesday, March 3, 2021, in Tacoma, Wash. Costco Wholesale Corp. reports earnings results, Thursday, March 4, 2021. (AP Photo/Ted S. Warren) (Ted S. Warren, Copyright 2021 The Associated Press. All rights reserved.)

Costco annual membership fees are due for a price increase, a report says.

According to Fox Business, membership fee increases typically occur every five years. That five-year mark is coming up this June as rates have stayed the same since 2017.

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According to Fox Business, Costco Chief Financial Officer Richard Galanti hinted to investors that another fee increase could hit this summer.

Costco membership prices currently range from $60-$120 per household.

In 2017, prices increased by $5-$10. How much do you think they could go up now?


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