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2023 Minimum Wage Increases

Updated: Jan 19

Thirty-two states and/or jurisdictions have increased, or will increase, their minimum wage requirement in 2023. The chart below provides a quick reference to compare your employee rates in IPS to what is required by state.


Employers will be required to increase employee rates in IPS to meet the new minimum requirements by each states required effective date. The U.S. Department of Labor's Wage and Hour Division website can be referenced to gain more insight into each state's rules, which may include additional requirements by city and county. In addition, the website addresses minimum requirement for any tipped employees.


For those that may need assistance in making these changes, SynchronyHR is here to help. Contact us today to learn about our HR outsourcing (HRO) services.


STATE

2022 MINIMUM WAGE

2023 MINIMUM WAGE

AK

$10.34

$10.85

AZ

$12.80

$13.85

CA

$15.00

$15.50

CO

$12.56

$13.65

CT

$14.00

$15.00 (6/1/2023)

DE

$10.50

$11.75

FL

$11.00

$12.00 (9/30/2023)

IL

$12.00

$13.00

MA

$14.25

$15.00

MD- Employers with 15 or more employees

$12.50

$13.25

MD- Employers with 14 or less employees

​$12.20

​$12.80

ME

$12.75

$13.80

MI

$9.87

$10.10

MN- Large employers (500k gross revenue)

$10.33

$10.59

MO

$11.15

$12.00

MT

$9.20

$9.95

​NE

​$9.00

​$10.50

NJ- Employers with 5 or more employees

​$13.00

$14.13

NJ- Employers with less than 5 employees

​$11.90

​$12.93

NM

$11.50

$12.00

NV- Employer offering health benefits

​$9.50

​$10.25 (7/1/2023)

NV- Employer NOT offering health benefits

$10.50

​$11.25 (7/1/2023)

NY

$13.20

$14.20 (12/31/2022)

OH

$9.30

$10.10

RI

$12.25

$13.00

SD

$9.95

$10.80

VA

$11.00

$12.00

VT

$12.55

$13.18

WA

$14.95

$15.74

​OR- All Other Counties - STD

​$13.50

​Potential changes July 1, 2023

OR- Non-Urban Counties

​$12.50

​Potential changes July 1, 2023

​OR- Portland Metro

​$14.75

​Potential changes July 1, 2023




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