Costco Membership Fee Increase: How Much More You'll Pay

ISSAQUAH, WA — Effective June 1, you'll be paying more for your annual Costco membership.

The Issaquah-based wholesale retailer announced Thursday that membership fees will increase by $5 for consumers and business memberships. Executive memberships — which offer cash-back rewards — will increase $10.

In general, Costco increases membership fees about every five years, with the last increase in 2011. Costco has about 90 million members and operates just more than 500 warehouse stores across the U.S.

The fee increase announcement came with the company's second quarter report, which showed that net sales increased 6 percent in the quarter to $29.1 billion from $27.5 billion last year.

Here's Costco's full statement on the fee increase:

"The Company also announced that, effective June 1, 2017, it will increase annual membership fees by $5 for U.S. and Canada Goldstar (individual), Business, and Business add-on members ('Primary' Members). With this increase, all U.S. and Canada Goldstar, Business and Business add-on members will pay an annual fee of $60. Also effective June 1, annual fees for Executive Memberships in the U.S. and Canada will increase from $110 to $120 (Primary membership of $60, plus the Executive upgrade of $60), and the maximum annual 2% reward associated with the Executive Membership will increase from $750 to $1,000. The fee increases will impact around 35 million members, roughly half of them Executive Members."

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