Business Costs & Regulation

How High Will Your State's Minimum Wage Be on January 1, 2017?

By the start of next year, 29 states and Washington, D.C., will have minimum wages higher than the federal level.

Wage inequality remains one of the hottest issues of the 2016 presidential campaign. Hillary Clinton, the presumptive Democratic Party nominee, supports a federal minimum wage of $12 an hour; she has also shown support for local rates of $15 an hour. Presumptive Republican nominee Donald Trump has been less clear. During a November GOP primary debate, Trump said, “Wages [are] too high. We're not going to be able to compete against the world. I hate to say it, but we have to leave it where it is.” In a Meet the Press interview last month, Trump showed support for an “increase of some magnitude,” although he argued that this increase should come from the states rather than federal legislation.

The federal minimum wage has remained the same since it was raised to $7.25 an hour in 2009. In lieu of federal action, many states have started to raise wages on their own. For instance, New York will gradually raise its minimum wage to $15 an hour, with large businesses in New York City reaching the benchmark by the end of 2018 and other jurisdictions reaching it on an indexed schedule beginning in 2021. California will raise its minimum wage to $15 an hour as of January 1, 2022, for large employers and January 1, 2023, for small employers. Washington, D.C. will raise its minimum wage to $15 an hour as of July 1, 2020. Hawaii, Maryland and Vermont all will have minimum wages higher than $10 an hour as of January 1, 2018.

By the start of next year, 29 states and Washington, D.C., will have minimum wages higher than the federal level. In the infographic below, we compare minimum wages, as of 2017, across the states:

View larger image

Thinkstock

Most Popular

11 Good Reasons to Cancel Amazon Prime
Budgeting

11 Good Reasons to Cancel Amazon Prime

You probably aren't using most of the perks tucked into that $119 annual fee -- which you don't need to pay to get the free Amazon shipping you crave.
April 13, 2021
2021 Child Tax Credit Calculator
Tax Breaks

2021 Child Tax Credit Calculator

See how much money you'll get in advance under the new child tax credit rules for 2021.
April 14, 2021
Monthly Payments of the 2021 Child Tax Credit Will Begin in July
Coronavirus and Your Money

Monthly Payments of the 2021 Child Tax Credit Will Begin in July

After doubts about whether it was up to the task, the IRS says it's on schedule to start sending monthly child tax credit payments this summer.
April 13, 2021

Recommended

37 Ways to Earn Extra Cash in 2021
business

37 Ways to Earn Extra Cash in 2021

We flag a wide variety of cool side hustles to earn bonus bucks to cover expenses expected and unexpected as we begin to emerge from the pandemic lock…
April 8, 2021
PPP Loan Basics for Small Business Owners
Coronavirus and Your Money

PPP Loan Basics for Small Business Owners

Although uncertainty and confusion have surrounded the Paycheck Protection Program since its launch, that shouldn't stop small business owners from pa…
March 30, 2021
Add a VPN to Surf the Internet Safely
Technology

Add a VPN to Surf the Internet Safely

To help you fight identity theft, consider adding a VPN.
March 20, 2021
Claim These "Above-the-Line" Deductions on Your Tax Return (Even If You Don't Itemize)
Tax Breaks

Claim These "Above-the-Line" Deductions on Your Tax Return (Even If You Don't Itemize)

If, like most people, you claim the standard deduction instead of itemized deductions on your return, there are still many other tax deductions availa…
March 5, 2021