Co State Minimum Wage 2025 Ny. 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. We estimate that the resulting increases in the state minimum wage would lift wages for more than 2 million new yorkers through 2026.
Download, graph, and track economic data. 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, 2025 in areas outside of new.