Salary Minimum Wage 2024 Nyc 2024. 1, 2024, the minimum hourly wage will increase from $15.00 to $16.00 in new york city and nassau, suffolk, and westchester counties, and from $14.20 to. This salary threshold is consistently higher than federal law (even under the proposed federal changes) and continues to be generally calculated as 75 times the applicable minimum wage.

Increase to minimum wage and proposed changes to rates and credits. Governor kathy hochul signed senate bill s4006c into law on may 3, 2023, increasing new york’s minimum.