New Minimum Wage 2024 Colorado. $14.42 for standard employees (up from $13.65) $11.40 for tipped employees (up from $10.63) The statewide minimum wage for colorado — currently $13.65 — will increase on january 1, 2024, in line with the cost of living (cola) to an amount not yet determined.


New Minimum Wage 2024 Colorado

The tipped minimum wage will rise to $11.40 from $10.63, based on a $3.02 maximum hourly tip credit. Overall, the vast majority of workers in colorado are entitled to at least $14.42 per hour, and those working in areas with a higher minimum are paid that city’s minimum wage.

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