New York employers will face a series of state-wide minimum wage increases beginning in 2024 and continuing indefinitely after 2027 in accordance with the Consumer Price Index.

The minimum wage is set to increase as follows:

New York City, Long Island, and Westchester

• $16.00 per hour in 2024
• $16.50 per hour in 2025
• $17.00 per hour in 2026

Remainder of New York State

• $15.00 per hour in 2024
• $15.50 per hour in 2025
• $16.00 per hour in 2026

Starting January 2027, the minimum wage will be adjusted annually based on a three-year average of the Consumer Price Index for Urban Wage Earners and Clerical Workers for the Northeast Region ("CPI-W"). However, if the CPI-W is negative or if the previous year's unemployment rate rises by 0.5% or more, the minimum wage will not increase.

For tipped food service workers, the minimum cash wage remains two-thirds of the hourly minimum wage rate.  

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If you have questions or would like additional information, please contact our Labor & Employment attorneys or the primary EGS attorney with whom you work.