Minimum Wage 2024 Ny. In new york city, long island county, and westchester county, the current 2024 minimum wage is $16.00 per hour. Employers should adjust their minimum exempt salary to $58,458.40 annually ($1,124.20 weekly) to reflect the increase that took effect january 1, 2024 in areas outside of new york city, westchester county, and long island.
1, 2024, the minimum hourly wage will increase from $15.00 to $16.00 in new york city and nassau, suffolk, and westchester counties, and from $14.20 to $15.00 per hour for the rest of the state. The statewide $15 minimum wage will lift the earnings of about a quarter of the state’s total workforce and result in $15.7 billion of direct economic gains.