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    Home»Personal Finance»The Minimum Wage Is Increasing In These 22 States This Year
    Personal Finance

    The Minimum Wage Is Increasing In These 22 States This Year

    Steve AdcockBy Steve AdcockMarch 12, 20243 Mins Read
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    If you are one of the 1.6 million workers earning minimum wage, then you’re about to get a pay increase this year.

    If you live in one of these 22 states.

    The minimum wage increases took effect January 1st unless otherwise stated, as is the case with states like Florida and Nevada.

    Alaska (up $.88)

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    $11.73, an increase of $.88 from $10.85.

    Arizona (up $.50)

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    $14.35, an increase of $.50 from $13.85.

    California (up $.50)

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    $16, an increase of $.50 from $15.50.

    Colorado (up $.77)

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    $14.42 (proposed), an increase of $.77 from $13.65.

    Connecticut (up $.69)

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    $15.69, an increase of $.69 from $15.

    Delaware (up $1.50)

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    $13.25, an increase of $1.50 from $11.75.

    Florida (up $1.00)

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    $13, an increase of $1 from $12, taking effect on September 30.

    Hawaii (up $2.00)

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    $14, an increase of $2 from $12.

    Illinois (up $1.00)

    Chicago, Illinois
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    $14, an increase of $1 from $13.

    Maine (up $.35)

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    $14.15, an increase of $.35 from $13.80.

    Maryland (up $1.75 to $2.20)

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    $15, up from $13.25 (large employers) and $12.80 (small employers).

    Michigan (up $.23)

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    $10.33, an increase of $.23 from $10.10.

    Minnesota (up $.22 to $.26)

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    $10.85 (large employers), an increase of $.26 from $10.59;

    $8.85, an increase of $.22 from $8.63 for others

    Missouri (up $.30)

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    $12.30, an increase of $.30 from $12.

    Montana (up $.35)

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    $10.30, an increase of $.35 from $9.95.

    Nebraska (up $1.50)

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    $12, an increase of $1.50 from $10.50.

    Nevada (up $.75 to $1.75)

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    $12, up from $10.25 or $11.25 (depending on health benefits) – effective on July 1, 2024.

    New Jersey (up $1.00)

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    $15.13, an increase of $1 from $14.13.

    New York (up $.80 to $1.00)

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    $15, an increase of $.80 from $14.20 (except in New York City, Westchester, and Long Island, where it is set at $16, up from $15).

    Ohio (up $.35)

    Columbus, Ohio
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    $10.45, an increase of $.35 from $10.10.

    Oregon (TBD)

    Portland, Oregon
    espiegle from Getty Images Signature

    $14.20 minimum wage will adjust for inflation on July 1

    Rhode Island (up $1.00)

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    $14, an increase of $1 from $13.

    South Dakota (up $.20)

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    $11.20, an increase of $.20 from $10.80.

    Vermont (up $.51)

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    $13.67, an increase of $.51 from $13.18.

    Washington State ($.54)

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    $16.28, an increase of $.54 from $15.74.

    District of Columbia (TBD)

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    $17 minimum wage will adjust for inflation on July 1.

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    Steve Adcock
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    Steve Adcock quit his job after achieving financial independence at 35 and writes about the habits millionaires use to build wealth and get into the best shape of their lives. As a regular contributor to The Ladders, CBS MarketWatch, and CNBC, Steve maintains a rare and exclusive voice as a career expert, consistently offering actionable counseling to thousands of readers who want to level up their lives, careers, and freedom. Steve lives in a 100% off-grid solar home in the middle of the Arizona desert and writes on his own website at MillionaireHabits.us.

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