Social Security's COLA Increase is The Same For All States, but Can Buy 27% More in Mississippi Than California

Source: International Business Times

The same amount of money has approximately 27% more purchasing power in Mississippi than in California and 24% more than in New York. Saul Loeb/AFP via Getty Images Millions of Americans receiving Social Security benefits are getting a 3. 6% cost-of-living adjustment in 2027, but the purchasing power of that increase will depend heavily on where they live.