Va Cost Of Living Increase 2024 History. This adjustment aims to keep pace with inflation and ensure that veterans’ benefits remain sufficient to cover their living expenses. The latest cost of living adjustment (cola) for va disability benefits took effect on december 1, 2023.

Veterans and beneficiaries who receive va compensation benefits will see an 8.7% increase in their monthly payments—the largest increase in over 30 years. Every change in rate means savings or costs for homebuyers.