New York Minimum Wage 2024 Minimum Wage. A statutorily required report by the division of the budget found. 1, to $16 per hour for new york city and the.

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 beginning in 2027. Minimum wage rates in new york state will be raised incrementally each year, on january 1, until the minimum wage reaches $17 per hour in new york city,.