What Is Ny Minimum Wage 2024. The state's minimum wage is expected to increase every year until it reaches $17 in new york city and its suburbs, and $16 in the rest of the state by 2026. Starting january 1, 2024, new york's minimum wage will increase to $16 per hour in new york city, westchester and long island, and $15 per hour for the rest of the state.

New york state’s minimum wage. 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 and 2026.