Costco Membership Prices: Comparing the Perks, Fees and More

shaunl / Getty Images

As a wholesale club, Costco charges club members annual fees to maintain their memberships. In exchange for the fee, you can access high-quality products at wholesale prices plus additional perks.  

But how much does a Costco membership cost? Moreover, are the discounts and perks you get with a membership worth the price? Keep reading to learn more.

How Much Are the Costco Membership Prices?

Costco has a tiered fee structure based on the type of membership you decide to purchase. The prices for each tier are as follows:

Good To Know

Costco is an excellent option for many, but it’s not the best option for everyone. Here are a few things you should consider before you sign up:

  • Costco packages typically include large quantities and may not be suitable for those without families. 
  • Total purchase amounts can be significantly higher than average grocery bills since you must buy in bulk. 
  • You must take full advantage of Costco benefits to offset membership fees. 

Make Your Money Work for You

What Types of Costco Memberships Are There?

Costco offers three membership tiers, but they all fall into one of two categories — personal and business memberships. Read on to learn how they differ. 

Personal Memberships

Personal memberships include Gold Star memberships and Executive memberships. Here are the perks of each:

Gold Star Membership

Executive Membership

Business Memberships

Business memberships are only available to business owners and come with the following perks:

Perks of a Costco Membership

There are several perks to having a Costco membership. Business members even get additional perks. 

Benefits for All Members

Make Your Money Work for You

Benefits for Business Members

Costco’s Competitors

Costco isn’t the only wholesale club on the block. Its two largest competitors are Sam’s Club and BJ’s. Find out how they compare below. 

Sam’s Club

Like Costco, Sam’s Club offers access to a large network of members-only wholesale warehouses. Their membership fees are slightly lower and perks are somewhat different. Their membership options are as follows:


BJ’s is another American wholesale club with a large network of discount warehouses. The company offers personal and business versions of the following memberships:

Make Your Money Work for You

Costco Membership Pros and Cons

The pros and cons of a Costco membership are as follows. 



Final Take

Costco is a great place to save money on day-to-day necessities, especially if you have multiple people in your household. If that’s the case, consider signing up for a membership to start saving on groceries, home goods and more today. 

Costco Membership FAQ

Find the answers to the most common questions about Costco memberships below.
  • How much does it cost to get a Costco membership card?
    • There are different tiers of membership for Costco. The price points are as follows:
      • -Executive Membership: $120 per year
      • -Business Membership: $60 per year
      • -Gold Star Membership: $60 per year
  • Is the $120 Costco membership worth it?
    • The Executive Costco membership is only worth it if you plan on shopping at Costco often and using additional perks. If you don't shop at Costco at least monthly, you may not save enough to justify the $120 annual fee.
  • What is the cheapest Costco membership you can get?
    • The cheapest Costco membership is the Gold Star membership. The annual fee for this membership is $60.
  • Can I get a Costco membership for free?
    • Costco doesn't offer free or discounted memberships, but there's a good reason for that. Membership fees help cover the overhead costs associated with operating the club. This helps the company keep prices low and continue offering meaningful perks.

Make Your Money Work for You

Moubin Ghafoory contributed to the reporting for this article.

Information is accurate as of March 10, 2023. 

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.