New York Minimum Wages 2024. Those increases will bring the minimum wage to $17 in the new york city area and $16 an hour in upstate new york, up about 12.7% from the current level in the region. 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.
As of january 1, 2024, new york state’s minimum wage will increase to $16 per hour in new york city and the counties of nassau, suffolk and westchester, and to $15 per hour. 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.