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New York will increase the minimum wage in 2024: what you need to know


Alina Prikhodko

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If you live in New York and have a job, your salary will soon increase. Starting Jan. 1, the state's minimum hourly wage will increase across the state, with New Yorkers benefiting the most, according to the state Department of Labor. Silive.

In the new year, workers in all five boroughs, as well as Westchester, Nassau and Suffolk counties, will earn $16 an hour, $1 more than the current minimum wage. Workers everywhere else in the state will receive $15 an hour, a 5,6 percent increase over the current minimum wage of $14,20 offered in most upstate areas.

The 2024 increase will be followed by increases of an additional 50 cents per hour in 2025 and 2026. In total, New York's increases will allow full-time minimum wage workers to earn an additional $80 per week for the next two years.

According to website Department of Labor, the overall minimum wage has increased significantly since it was set at $1960 in 1. Ten years ago, the state's minimum wage was $7,25 an hour.

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