
After the increase, Costco's basic membership, known as the Gold Star Membership, will cost $65 per year in the US and Canada. This is a $5 increase from the previous fee of $60 per year. The price hike, which marks the first time Costco has raised its membership fees since 2017, will take effect on September 1.

The new price for Costco's premium membership, known as the "Executive Membership," will be $130 per year, up from the previous cost of $120. This price increase will take effect on September 1, 2024, and will affect about 52 million memberships.

The fee hike will affect around 52 million Costco memberships, with a little over half of them being of the executive category.