Minimum Wage 2024 16 Year Olds Nyc. 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 and 2026. The hourly rate will be $16 per hour starting in january for workers in the five boroughs, and suffolk, nassau, and westchester counties and $15 for the rest of the state,.

The tentative agreement provides compounded wage increases of 16.21% over five years, with retroactive annual increases of 3% dating back to october 2022, according to. New york is raising its minimum wage in january by $1 to $16 an hour for workers in new york city and the neighboring suburbs of westchester county and long island.