2024 Colorado Minimum Wage Rate

2024 Colorado Minimum Wage Rate. Federal and state minimum wage rates, annual. Click any state for details about the minimum wage, exemptions, and.


2024 Colorado Minimum Wage Rate

Colorado’s minimum wage is expected to rise to $14.42 from $13.65 effective jan. This rate of minimum wage in.

This Is A 31% Increase In One Year, When The National Inflation Rate Was 3.5% (And 2.5% In The Mountain West ).

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As A Result, On January.

1, 2024, according to the state labor and employment department website.

A Full Time Minimum Wage Worker In Colorado Working Will Earn $576.80 Per Week, Or $29,993.60 Per Year.

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This Is Higher Than The Federal Minimum Wage Of $7.25 Per Hour, But Lower Than The State Minimum Wage Of.

This upcoming raise is in line with the cost of living.

Colorado Labor Law Allows Tipped Employees To Be Paid A.

However, colorado employers should be aware that municipalities.

1, 2024, According To The State Labor And Employment Department Website.