Colorado Minimum Wage 2024 Increase Rate

Colorado Minimum Wage 2024 Increase Rate. Colorado’s ongoing adjustments to minimum wage rates reflect the state’s commitment to aligning wages with the cost of living and economic conditions. The wage board has been authorized since 2020 to.

In 2022, the minimum wage is $12.50 for large employers and $12.20 for small employers, increasing at different increments to reach $15 in 2025 for large. Effective july 1, 2024, there is a uniform minimum wage of $12.00 per hour for all employees.