What Is Minimum Wage In Ny 2024. As part of the fy 2024 budget, governor hochul secured an historic agreement to increase new york’s minimum wage through 2026 and index it to inflation beginning in 2027. The minimum wage also went into effect on 01/01/2024.
1, 2024, the minimum hourly wage will increase from $15.00 to $16.00 in new york city and nassau, suffolk, and westchester counties, and from $14.20 to $15.00 per hour for the rest of the state. Those increases will bring the minimum wage to $17 in the new york city area and $16 an hour in upstate new york, up about 12.7% from the current level in the region.