Will Colorado Minimum Wage Increase In 2024. The state minimum wage will be $14.42 in 2024, up from $13.65 in 2023, according to colorado’s publication and yearly calculation of adjusted labor. The state is not alone in its upcoming minimum wage hike.

Colorado’s hourly minimum wage went up from $13.65 in 2023 to $14.42 in 2024, a difference of $0.77. Colorado’s state minimum wage will increase to $14.42 per hour beginning january 1, 2024.