Minimum Wage In 2024 In New York New York State. On may 3, 2023, governor kathy hochul signed the new york state 2024 budget agreement into law, which contained increases to the state's minimum wage,. As part of the fy 2024 budget, governor hochul secured an historic agreement to increase new york’s minimum wage through 2026 and index it to inflation.
The current minimum wage in new york state as of january 1, 2024 is $15.00 per hour. The minimum wage in new york state is scheduled to increase by 50 cents in 2025.
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