Salary Minimum Wage 2024 Ny State. 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. Pursuant to legislation signed by new york governor kathy hochul, new york’s minimum wage will gradually increase through 2026 to $17/hour in new york city, long.

Employers should adjust their minimum exempt salary to $1,124.20 weekly ($58,458.40 annually) to reflect the increase that took effect january 1, 2024 in areas outside of new york city, westchester county, and long island. The agreement between governor hochul and the new york state legislature establishes a new minimum wage of $16 per hour for new york city, westchester, and long.