New Minimum Wage 2024 Nyc. The state's minimum wage is expected to increase every year until it reaches $17 in new york city and its suburbs, and $16 in the rest of the state by 2026. The hourly rate will be $16 per hour starting in january for workers in the five boroughs, and suffolk, nassau, and westchester counties and $15 for the rest of.

Effective january 1, 2024, the new york state minimum wage for new york city increased from $15.00 to $16.00 per hour. Effective january 1, 2024, the new york state minimum wage for new york city increased from $15.00 to $16.00 per hour.