What Is Minimum Wage In New York 2024. The minimum wage increased on january 1, 2024 to $16.00 per hour in new york city, westchester, and long island and to $15.00 per hour in all other counties in. Starting january 1, 2024, new york's minimum wage will increase to $16 per hour in new york city, westchester and long island, and $15 per hour for the rest.
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. The statewide $15 minimum wage will lift the earnings of about a quarter of the state’s total workforce and result in $15.7 billion of direct economic gains.
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