Cost Of Living Increase 2024 Nyc. New york city, ny housing is 238% more expensive. As a result, an eligible retired member with a maximum retirement benefit of $18,000 or more will receive a maximum increase of $27 per month beginning with the sept.

The increase you receive each september is added to your. Under the city’s expansion of the eitc, a single parent with one child with an income of $14,750 will see the benefit increase from $187 to $933—a 400 percent increase.