Is Costco Executive Membership Worth It? Let’s Crunch the Numbers

Mrs. 20SF and I just received our annual Costco Executive Rewards membership rebate check after upgrading from the standard $60 “Gold Star” membership last fall to the $120 Executive membership level. As our grocery spending has gradually shifted towards Costco over time, our annual expenditure had steadily increased each year. When our cashier informed us of their policy that if upgrading did not pay off versus standard membership levels then Costco would refund us their difference cost difference refunding any difference in cost between membership levels.

Was Costco Membership Worth it? Here, I’ll share my results; but you don’t care whether or not my standard or executive Costco membership costs me anything; rather, this calculation should help you figure it out for yourself. So let me break down the numbers to help make that calculation.