New York City 2024 Minimum Wage Chart. The update covers all industries other than hospitality, farmworkers, and building. 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.
These rates are in effect from january 1, 2024 through december 31, 2024. In the first of a series of annual increases slated for the empire state, the minimum wage increased to $16 in new york city and some of its suburbs, up from $15.