What Is Minimum Wage In Nyc 2024. With increased new york minimum wage come modified obligations under state wage orders. Beginning in 2024, new york state will raise minimum wage to $16 in new york city, long island, and westchester and $15 elsewhere in the state, followed by $0.50 annual increases in 2025 and 2026.
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. 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.
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