States with Minimum Wage Increases this Year

This article is from the January 2024 issue.

Although the Federal minimum wage remains at $7.25 per hour (an amount that has not changed since 2009), this year on New Year’s Day, 22 states raised their minimum wage, giving nearly 9.9 million Americans a pay raise. Individuals in California, Hawaii and New York made up 51 percent of those earning a raise (all states with high costs of living). According to a report from the Economic Policy Institute (EPI), women made up more than half (57.9%) of workers getting an increase. In addition, more than a quarter (25.8%) of affected workers are parents, or more than 2.5 million people.

The 22 states increasing their minimum wage this year include the following:

1 Alaska
2 Arizona
3 California
4 Colorado
5 Connecticut
6 Delaware
7 Hawaii
8 Illinois
9 Maine
10 Maryland
11 Michigan
12 Minnesota
13 Missouri
14 Montana
15 Nebraska
16 New Jersey
17 New York
18 Ohio
19 Rhode Island
20 South Dakota
21 Vermont
22 Washington

 

Hawaii has the highest increase, growing by $2 to $14 per hour. Michigan has the smallest increase, going from $10.10 per hour to $10.33. 

Another bit of information to note is that the minimum wages in Maryland, New Jersey and upstate New York will equal or exceed $15 per hour for the first time, joining New York, California, Connecticut, Massachusetts, and Washington as the only states with minimum wages at or above $15 per hour.

See the EPI report for more insights.

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