Minimum Wage 2024 New York State Gov. Beginning in 2024, new york state will raise minimum wage to $16 in new york city, long island, and westchester and $15 elsewhere in the state, followed by $0.50 annual increases in 2025. Federal and state minimum wage rates, annual.

On may 3, 2023, governor kathy hochul signed the new york state 2024 budget agreement into law, which contained increases to the state’s minimum wage,. As a reminder, the state has three separate rates for new york city, nassau,.