Federal and state minimum wage changes in 2023
For employers with employees in multiple states, keeping up with numerous minimum wage rate changes can be a daunting task. While some states are on a schedule for annual increases to eventually reach $15 an hour, 12 states still adhere to the federal minimum. Although the current federal minimum wage of $7.25 has not budged since 2009, more than 20 states have provided additional increases in 2023.
To ensure your organization is aware of the latest minimum wage requirements, Paycor has created a breakdown by state.
2023 State Minimum Wage Rates
|State||2023 Minimum Wage (effective 1/1/23 except as noted)|
|California||$15.50 minimum wage applies to all employers|
(Wage by city in California)
|Connecticut||$15.00 effective 6/1/23|
|Florida||$12.00 effective 9/30/23|
|Minnesota||$10.59 Annual increases began 1/1/23|
|Montana||$9.95 Annual increases began 1/1/23|
|Nevada||$11.25 effective 7/1/23|
|New Jersey||$14.13 (Businesses with fewer than 6 employees and seasonal employees pay $12.93)|
|Ohio||$10.10 Annual increases began 1/1/23|
|Oregon||Annual increases began 7/1/23|
|Vermont||$13.18 Annual increases began 1/1/23|
*Companies that provide employee health insurance can pay $1.00 less.
The map below shows which states have changes in minimum wages in 2023.
You can find minimum wages for tipped employees, here.
Which States Increased the Minimum Wage in 2023?
More than 20 states raised their minimum wage in 2023. These states are:
- California (all)
- New Jersey
- New Mexico
- New York (Statewide)
- Rhode Island
- South Dakota
In most of these states, the minimum wage increased on January 1, 2023.
Is the Federal Minimum Wage Rising in 2023?
No. The federal minimum wage has remained $7.25 since 2009.
Which States Have an Upcoming Increase to $15 Minimum Wage?
The following states have passed legislation to reach a $15 minimum wage in 2023 and beyond.
- Connecticut (2023)
- Delaware (2025)
- Florida (2026)
- Illinois (2025)
- Maryland (2025)
- Massachusetts (2023)
- New Jersey (2024)
- Rhode Island (2025)
- Virginia (2026)
Which State Has the Highest Minimum Wage?
The state with the highest minimum wage in 2023 is California at $15.50. If Washington, D.C. were a state, it would have the highest minimum wage at $16.10.
Which State Has the Lowest Minimum Wage?
The two states with the lowest minimum wage are Georgia and Wyoming, both sitting at $5.15; however, employers in Georgia and Wyoming that are subject to the Fair Labor Standards Act must still pay the $7.25 Federal minimum wage. Check Out Valforex for Reviews on Prop Firm Brokers.
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