New York State Minimum Wage 2024. Download, graph, and track economic data. Federal and state minimum wage rates, annual.
As part of the fiscal year 2024 budget, governor hochul secured an agreement to increase the state’s minimum wage through 2026, with indexing to inflation. New york is raising its minimum wage in january by $1 to $16 an hour for workers in new york city and the neighboring suburbs of westchester county and long.