Colorado Minimum Wage 2024 Increase Per Hour. Thanks to subsequent adjustments based on cpi and the fair pay act, the colorado minimum wage reached $13.65 by 2023. However, unlike most state and local jurisdictions, colorado engages in a rulemaking process with the public prior to announcing its official minimum wage rates for the.
The colorado minimum wage is set to increase from $13.65 to $14.42 on january 1, 2024, which is $7.17 higher than the federal minimum wage. 21, according to the state department of labor and economic opportunity.