Minimum Wage Colorado 2024

Minimum Wage Colorado 2024. 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. Workers receive a higher minimum wage in colorado that exceeds the federal minimum wage of $7.25.

However, colorado employers should be aware that municipalities within. The state minimum wage will be $14.42 in 2024, up from $13.65 in 2023, according to colorado’s publication and yearly calculation of adjusted labor compensation.