Costco Membership Prices: Is It Worth It?

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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. 

Read: How To Get Cash Back on Your Everyday Purchases 

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 Is a Costco Membership?

Costco has a tiered fee structure based on the type of membership you decide to purchase. 

The prices for each consumer tier are as follows:

Business owners can also choose between two types of memberships:

Before You Sign Up

Costco is an excellent way to save on groceries and other essentials, but not everyone will find the benefits as rewarding as others. Here are a few things you should consider before you sign up:

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What Types of Costco Memberships Are There?

Costco offers four 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 also come in two tiers: Business and Business Executive. They provide the following perks:

Business Membership

Business Executive Membership

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Perks of a Costco Membership

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

Benefits for All Members

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. 

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Sam’s Club

Like Costco, Sam’s Club offers access to an extensive 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:

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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
      • Gold Star Membership: $60 per year
      • Business Executive Membership: $120 per year
      • Business Membership: $60 per year
  • Is the $120 Costco membership worth it?
    • The Executive or Business Executive Costco membership is only worth it if you plan on shopping at Costco often and use its additional perks. If you don't shop at Costco regularly, 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 or Business membership. The annual fee for both membership types 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 allows the company to keep prices low and continue offering meaningful perks.

Virginia Anderson and Moubin Ghafoory contributed to the reporting for this article.

Information is accurate as of Oct. 24, 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.