Salaried Minimum Wage 2024 Nys. As part of the fy 2024 budget, governor hochul secured an historic agreement to increase new york’s minimum wage through 2026 and index it to inflation beginning in 2027. 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.

In the rest of the state, the new minimum wage is $15, up from $14.20. 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.