Cost Of Living Increase 2024 Texas. The fastest uptick in the prevailing inflation rate in four decades led to a 5.9% cola in 2022, 8.7% cola in 2023, and 3.2% cola in 2024. *provisions in senate bill 30, 88th legislature, regular session provide funding in fiscal 2023 for two months of the salary increase authorized in the gaa to accelerate the effective date of the increase to july 1, 2023.

See what you’ll need to earn to keep your current standard of living wherever you choose to work and live. The increase is much lower than the 8.7% cola that was put in place in.