Minimum Wage 2024 Increase Nyc. As part of the fy 2024 budget, governor hochul secured an historic agreement to increase new york’s minimum wage through 2026 and index it to inflation beginning in 2027. On january 1, 2024, the minimum wage will increase to $16 in new york city and the counties of nassau, suffolk and westchester, and to $15 in all other parts of the state.

In the first of a series of annual increases slated for the empire state, the minimum wage increased to $16 in new york city and some of its suburbs, up from $15. New york state will raise minimum wage to $16 an hour for employees in nyc, long island and westchester, beginning in 2024, as well as $15 elsewhere in the state.