Is one of your New Year’s resolutions to make or save more money? Well, if live in one of these 21 states, you might be in luck! In the new year, states, cities and counties throughout the United States will be raising the minimum wage because of either new rulings or automatic cost-of-living increases.
Check out the list below to see if you could be making more money next year!
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 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)
These states will be raising the minimum wage effective 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)
If you didn’t see your state on the list, don’t fret just yet. There are many cities and counties, both within the states listed above and not listed, will raise their minimum wage individually on January 1 or July 1 of 2018.
How exciting!
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