2024 Minimum Wage Increase New York. In 2025 and 2026, nys minimum wage will increase by $0.50 annually. 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.


2024 Minimum Wage Increase New York

These rates are in effect from january 1, 2024 through december 31, 2024. As part of the fy 2024 budget, governor hochul secured an historic agreement to increase new yorkโ€™s minimum wage through 2026 and index it to inflation beginning in 2027.

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