Another new year means raises in dozens of states for those who make the minimum wage.
More than half of U.S. states are bumping their minimum wages higher in 2023, according to a roundup from Paycor, a company that creates human resources software.
Some of these states are gradually raising their minimum wage over a period of years with the goal of topping out at $15 an hour. In fact, this year, four states and the District of Columbia will have a minimum wage that is at or above $15.
Other states do not have the $15 goal but are hiking wages nonetheless.
Following are the states that are raising their minimum wages in 2023. Each state is listed with its new minimum wage, followed by the 2022 rate in parentheses. Increases are effective Jan. 1, 2023, unless otherwise stated.
- Alaska: $10.85 (up from the 2022 minimum wage of $10.34)
- Arizona: $13.85 ($12.80)
- California: $15.50 ($15 or $14, depending on number of employees)
- Colorado: $13.65 ($12.56)
- Connecticut: $15, effective June 1, 2023 ($14)
- Delaware: $11.75 ($10.50)
- Florida: $12, effective Sept. 30, 2023 ($11)
- Illinois: $13 ($12)
- Maine: $13.80 ($12.75)
- Maryland: $13.25 ($12.50)
- Massachusetts: $15 ($14.25)
- Michigan: $10.10 ($9.87)
- Minnesota: $10.59 ($10.33)
- Missouri: $12 ($11.15)
- Montana: $9.95 ($9.20)
- Nebraska: $10.50 ($9)
- Nevada: $11.25, effective July 1, 2023 ($9.50 or $8.50 for companies that provide employee health insurance)
- New Jersey: $14.13 for most employers ($13)
- New Mexico: $12 ($11.50)
- New York: $14.20 to $15, depending on the area ($13.20 to $15)
- Ohio: $10.10 ($9.30)
- Oregon: Varies by location and grows based on inflation rate, with annual increases beginning July 1, 2023 ($13.50)
- Rhode Island: $13 ($12.25)
- South Dakota: $10.80 ($9.95)
- Vermont: $13.18 ($12.55)
- Virginia: $12 ($11)
- Washington: $15.74 ($14.49)
Two states that set a goal of reaching a $15 minimum wage — Connecticut and Massachusetts — hit that mark this year.
Here are the other states that set the $15 benchmark, and the year they will achieve that wage:
- Delaware (2025)
- Florida (2026)
- Illinois (2025)
- Maryland (2025)
- New Jersey (2024)
- Rhode Island (2025)
- Virginia (2026)
For more on what it takes to “get by” where you live, check out “The ‘Living Wage’ in Every State.”
Like Article Add a Comment
Source: moneytalksnews.com