Minimum Wage January 2024 Colorado Springs Colorado
Minimum Wage January 2024 Colorado Springs Colorado. The data on this page was last updated on february 14, 2024. The hourly tipped minimum wage is expected to rise to $11.40 from $10.63, based on a $3.02 maximum tip credit.
Colorado’s minimum wage will be boosted to $14.42 per hour, an increase of $0.77. The state is not alone in its upcoming minimum wage hike.
Looking Ahead, Colorado’s Statewide Minimum Wage Will Increase On January 1, 2024, To $14.42 Per Hour.
Statewide, the minimum wage will increase from $13.65 to $14.42 per hour.
This Upcoming Raise Is In Line With The Cost Of Living Adjustments.
The state is not alone in its upcoming minimum wage hike.
The State Minimum Wage Data Is Sourced From The Labor Law Center And Includes The Minimum Wage In A Given State As Of January Of That.
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This is up from the $50,000 minimum of 2023 and will now move to an inflation adjustment annually beginning in 2025.
On Wednesday, January 1, 2025.
This upcoming raise is in line with the cost of living adjustments.