In 2023, many states and localities will increase their minimum wage amounts. In some areas, the amounts paid to tipped employees may also increase and overtime salary thresholds may also change.
This chart briefly details the changes that will kick in on New Year’s Day or later in 2023. For more information about your situation, consult with your payroll advisor.
Looking Further Ahead
Here are some additional minimum wage increases scheduled to occur later in 2023
Connecticut. The minimum wage will increase to $15 per hour, effective June 1, 2023. The cash minimum wage is frozen at $6.38 per hour for hotel and restaurant staff and at $8.23 per hour for bartenders.
Florida. The minimum wage will increase from $11 per hour to $12 per hour, beginning September 30, 2023. The cash minimum wage rate for tipped workers will increase on that date to $8.98 per hour ($3.02 per hour tip credit).
Nevada. Currently, the minimum wage is $9.50 per hour with qualified health benefits and $10.50 per hour without health benefits. Beginning July 1, 2023, the minimum wage will increase to $10.25 per hour with qualified health benefits; $11.25 per hour without. Beginning January 1, 2024, the minimum wage is $12 per hour regardless of benefits, as approved by a ballot measure.
Puerto Rico. The current minimum wage is $8.50 per hour. The hourly minimum wage is scheduled to increase beginning July 1, 2023, to $9.50. Tipped employees are entitled to the federal minimum wage in effect for such workers ($2.13 per hour), which with tips added to the federal minimum wage must be at least equal the Puerto Rico minimum wage of $9.50 per hour.
Texas. The current minimum is $7.25 per hour and is only adjusted by legislative action. However, airport workers in Houston received a minimum wage increase of $14 per hour, beginning October 1, 2022. It further increases to $15 per hour, beginning October 1, 2023.
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