Minimum Wage 2024 In Colorado

Minimum Wage 2024 In Colorado

The statewide minimum wage for colorado — currently $13.65 — will increase on january 1, 2024, in line with the cost of living (cola) to an amount not yet determined. Additionally, colorado’s minimum salary requirement for exempt employees will increase.

Colorado’s minimum wage in 2024 is $14.42 per hour ($11.40 with a $3.02 tip credit), according to the division of labor standards and statistics. Looking ahead, colorado’s statewide minimum wage will increase on january 1, 2024, to $14.42 per hour.