One other new yr means raises in dozens of states for individuals who make the minimal wage.
Half of U.S. states are bumping their minimal wages larger in 2024, in keeping with a roundup from Paycor, an organization that creates human assets software program.
A few of these states are progressively elevating their minimal wage over a interval of years with the aim of topping out at $15 an hour. A number of different states (and Washington, D.C., the place the minimal wage is $17) have already got a minimal wage that’s at or above $15.
Different states should not have a $15 aim however are climbing their minimal wages nonetheless.
Following are the states which are elevating their minimal wages in 2024. Every state is listed with its new minimal wage, adopted by the 2023 price in parentheses. Will increase are efficient Jan. 1, 2024, except in any other case acknowledged.
- Alaska: $11.73 (up from $10.85)
- Arizona: $14.35 (up from $13.85)
- California: $16 (up from $15.50)
- Colorado: $14.42 (up from $13.65)
- Connecticut: $15.69 (up from $15)
- Delaware: $13.25 (up from $11.75)
- Florida: $13, efficient Sept. 30, 2024 (up from $12)
- Hawaii: $14 (up from $12)
- Illinois: $14 (up from $13)
- Maine: $14.15 (up from $13.80)
- Maryland: $15 (up from $13.25)
- Michigan: $10.33 (up from $10.10)
- Minnesota: $10.85 for companies with annual income of a minimum of $500,000 and $8.85 for companies with annual income of lower than $500,000 (up from $10.59 and $8.63, respectively)
- Missouri: $12.30 (up from $12)
- Montana: $10.30 (up from $9.95)
- Nebraska: $12 (up from $10.50)
- Nevada: $12, efficient July 1, 2024 (up from $10.25 or $11.25, relying on whether or not an employer gives well being advantages, a two-tiered system that ends with the 2024 enhance)
- New Jersey: $15.13 for companies with six or extra workers and $13.73 for companies with lower than six workers (up from $14.13 and $12.93, respectively)
- New York: $15 or $16, relying on the realm (up from $14.20 or $15)
- Ohio: $10.45 (up from $10.10)
- Oregon: Varies by location and will increase primarily based on the inflation price, with annual will increase being decided by April 30 annually and taking impact July 1 (up from $13.20 to $15.45)
- Rhode Island: $14 (up from $13)
- South Dakota: $11.20 (up from $10.80)
- Vermont: $13.67 (up from $13.18)
- Washington: $16.28 (up from $15.74)
Once more, a number of states have got down to attain a $15 minimal wage. New Jersey reaches it in 2024, with most employees making a minimal of $15.13.
Maryland can also be hitting that focus on in 2024 — sooner than deliberate. The state beforehand meant to progressively enhance its minimal wage till it reached $15 for big employers by 2025 and for smaller employers by 2026. Nonetheless, the minimal wage for all employers within the state — no matter dimension — is $15 as of Jan. 1, 2024.
Different states which have set the $15 benchmark (and the yr they plan to realize that wage) embrace:
- Delaware (2025)
- Florida (2026)
- Illinois (2025)
- Rhode Island (2025)
- Virginia (2026)
For extra on what it takes to “get by” the place you reside, take a look at “The ‘Residing Wage’ in Each State.”