Will Colorado Minimum Wage Increase In 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. The following are the minimum wages in the state starting jan.
The state’s official new wage will be announced around labor day, according to state labor department officials. However, colorado employers should be aware that municipalities within colorado will also be increasing their minimum wage above the state’s minimum wage.
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