However, colorado employers should be aware that municipalities. Looking ahead, colorado’s statewide minimum wage will increase on january 1, 2024, to $14.42 per hour.
Colorado’s state minimum wage will increase to $14.42 per hour beginning january 1, 2024. 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.
Colorado Minimum Wage Rate Is $12.32 Per Hour In 2024.
Minimum fulltime employee salary being raised to $50,000 starting in july.
Colorado Follows The Minimum Salary Threshold Established By The State.
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.
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Additionally, Colorado’s Minimum Salary Requirement For Exempt Employees Will Increase.
California, colorado, connecticut, hawaii, nevada, new jersey, new york, washington or rhode island residents only:
The Statewide Minimum Wage For Colorado — Currently $13.65 — Will Increase On January 1, 2024, In Line With The Cost Of Living (Cola) To An Amount Not Yet.
Below is an annual breakdown of the minimum salary for colorado employees, with the first changes effective beginning july 1, 2020 (which differs slightly.