Colorado Minimum Wage 2024 Per Hour Average. 2.8 /5 (54 votes) use our colorado minimum wage calculator to see your minimum hourly pay rate. Looking ahead, colorado’s statewide minimum wage will increase on january 1, 2024, to $14.42 per hour.
This means denver’s minimum wage is higher and has increased from $17.29 an hour in 2023 to $18.29 an hour in 2024. Minimum wage for tipped food and beverage workers will also be raised $1 to $15.27 per hour, as long as the worker earns at least $3.02 in actual tips.
At The Federal Level, The Fair Labor Standards Act (Flsa) Sets The Baseline Minimum Wage (Currently $7.25 Per Hour), Which Applies To Most Employees Across The Country.
As of january 2023, the minimum wage in colorado is $13.65 per hour for employees covered by the colorado minimum wage law.
58 Rows Release Table For 2024, Release Tables:
1, 2024, according to the state labor and employment department website.
This Means Denver’s Minimum Wage Is Higher And Has Increased From $17.29 An Hour In 2023 To $18.29 An Hour In 2024.
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The Colorado Minimum Wage Is Set To Increase From $13.65 To $14.42 On January 1, 2024, Which Is $7.17 Higher Than The Federal Minimum Wage.
This is up from the previous year's rate of $12.56 per hour.
Looking Ahead, Colorado’s Statewide Minimum Wage Will Increase On January 1, 2024, To $14.42 Per Hour.
The state is not alone in its upcoming minimum wage hike.
$14.42 For Standard Employees (Up From $13.65) $11.40 For Tipped Employees (Up From $10.63)