A new year means new resolutions — and for people in 21 states and the District of Columbia, it could mean more money.
In the coming year, states, cities and counties across the U.S. will raise their minimum wage due to either new rulings or automatic cost-of-living increases. Some of these places will participate in multi-year phase-ins of relatively large minimum wage hikes.
As the debates over minimum wage continue, however, we’ll probably be seeing even more raises that are not related to the cost of living in the future.
States That Will Raise the Minimum Wage in 2018
These states will see a rise in the minimum wage effective January 1, 2018:
Alaska: $9.84 (+4 cents)
Arizona: $10.50 (+50 cents)
California (large companies with more than 25 employees): $11 (+50 cents)
California (small companies with 25 or fewer employees): $10.50 (+50 cents)
Colorado: $10.20 (+90 cents)
Florida: $8.25 (+15 cents)
Hawaii: $10.10 (+85 cents)
Maine: $10.00 (+$1.00)
Michigan: $9.25 (+35 cents)
Minnesota (large companies with more than $500,000 in annual sales): $9.65 (+15 cents)
Minnesota (small companies with less than $500,000 in annual sales): $7.87 (+12 cents)
Missouri: $7.85 (+15 cents)
Montana: $8.30 (+15 cents)
New Jersey: $8.60 (+16 cents)
New York: Varies greatly by area and sector
Ohio: $8.30 (+15 cents)
Rhode Island: $10.10 (+50 cents)
South Dakota: $8.85 (+20 cents)
Vermont: $10.50 (+50 cents)
Washington: $11.50 (+50 cents)
The following states will raise the minimum wage on July 1, 2018:
District of Columbia: $13.25 (+75 cents)
Maryland: $10.10 (+85 cents)
Nevada: TBD (current wage: $8.15)
Oregon (standard): $10.75 (+50 cents)
Oregon (urban): $12.00 (+75 cents)
Oregon (non-urban): $10.50 (+50 cents)
Additionally, many cities and counties, both within the states listed above and not, will raise their minimum wage individually on either Jan. 1 or July 1, 2018.
In those places, the minimum wage is generally higher than either the state or federal minimum wage (which is currently set at $7.25).
Grace Schweizer is a junior writer at The Penny Hoarder.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
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