ARTICLE · 29 DECEMBER 2023

Mexico's Minimum Wage For 2024 Will Increase By 20 Percent

Ogletree, Deakins, Nash, Smoak & Stewart

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Effective January 1, 2024, the daily minimum wage rate in the Free Trade Zone of the Northern Border will increase to MXN $374.89 (about USD $21.83).

MexicoEmployment and HR

Pietro Straulino-Rodriguez

Nora M. Villalpando Badillo

Ana Paula Delsol Espada

Natalia Merino Moreno

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Quick Hits

Effective January 1, 2024, the daily minimum wage rate in the Free Trade Zone of the Northern Border will increase to MXN $374.89 (about USD $21.83).
Effective January 1, 2024, the daily minimum wage rate in the rest of the country will increase to MXN $248.93 (approximately USD $14.50).

Effective January 1, 2024, the daily minimum wage applicable will be MXN $374.89 (approximately USD $21.83) for the Free Zone of the Northern Border (Zona Libre de la Frontera Norte, ZLFN) and MXN $248.93 (approximately USD $14.50) for the rest of the country. The National Commission on Minimum Wages (Comisión Nacional de los Salarios Mínimos or CONASAMI) decided different considerations that would increase by total 20 percent for 2024, based on the consensus of the employment sector and the government.

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