Share on LinkedInShare on LinkedIn

ARTICLE · 19 MAY 2023

New York Minimum Wage To Increase Again

The Fiscal Year 2024 New York State Budget (the "Budget") includes a multi-year plan to increase the State's minimum wage starting on January 1, 2024.

United StatesEmployment and HR

Seyfarth Synopsis: Beginning January 1, 2024, the minimum wage across New York State will gradually increase to account for the rising cost of living.

Minimum Wage Increases Through 2026

The Fiscal Year 2024 New York State Budget (the "Budget") includes a multi-year plan to increase the State's minimum wage starting on January 1, 2024. The Budget legislation signed by Governor Hochul on May 3, 2023 provides for increases to the minimum wage rate as follows:

Effective Date

New York City, Long Island, and Westchester

Remainder of New York State

January 1, 2024 $16.00 $15.00
January 1, 2025 $16.50 $15.50
January 1, 2026 $17.00

$16.00

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from