Minimum Wage January 2024 Colorado. The new minimum wage will increase 15% to $15.69 from the state’s current minimum of $13.65, but only in unincorporated boulder county. Looking ahead, colorado’s statewide minimum wage will increase on january 1, 2024, to $14.42 per hour.
The minimum wage for tipped employees will increase to $11.44 per hour. The tipped minimum wage will rise to $11.40 from $10.63, based on a $3.02 maximum hourly tip credit.
Updates To The Minimum Wage In Colorado.
The colorado minimum wage is currently $14.42 per hour.
The New Minimum Wage Will Increase 15% To $15.69 From The State’s Current Minimum Of $13.65, But Only In Unincorporated Boulder County.
Additionally, colorado’s minimum salary requirement for exempt employees will increase to $55,000.
For 2024, Colorado's Minimum Wage Will Increase By.77 To $14.42/Hr.
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The Law Calls For Annual Increases, Ranging From $18 To $25 Per Hour, With Healthcare Facilities Expected To Reach A $25 Per Hour Minimum Wage By June 1, 2028, Or, For Some In Rural Locations.
The city & county of denver’s minimum wage will increase to $18.29 on january 1, 2024, up $1.00 from 2023.
Both Denver’s And Colorado’s 2024 Increases Are Based On The Consumer Price Index.
City auditors reminded business owners to keep track of the change.
The Colorado Minimum Wage Is Applicable To All Adults And Emancipated Minors, And Is Raised Or Lowered Annually Based On Inflation.