Financial Health Check: Assess Your Business Finances 

Which States Are Increasing Their Minimum Wage in 2023? Here's the Full List

Which States Are Increasing Their Minimum Wage in 2023?

December 21, 2022

While the federal minimum wage hasn’t changed from its hourly rate of $7.25 since 2009, several states have taken it upon themselves to increase their own minimum. With a significant uptick in states requiring the federal minimum wage, it is only expected to see an increasing amount follow this trend in 2023. 

Overall, 27 states have planned to increase their minimum wage throughout the year. While some are planning to enforce the increase on January 1st, many will not go into effect until later on in the year. 

Which States Are Not Increasing Their Minimum Wage?

Most states have moved past the federal minimum wage, but some still remain at $7.25 and have no plans of increasing their minimum in 2023. The states that will keep the $7.25 minimum wage in 2023 are:

  • New Hampshire
  • Pennsylvania
  • North Carolina
  • South Carolina
  • Georgia
  • Indiana
  • Kentucky
  • Tennessee
  • Alabama
  • Mississippi
  • Wisconsin
  • Iowa
  • Lousiana
  • North Dakota
  • Kansas
  • Oklahoma
  • Texas
  • Idaho
  • Wyoming
  • Utah

Which States Are Raising Their Minimum Wage by at Least $1.00 in 2023?

Some states still have not taken the larger leap of drastically increasing their minimum wage. But, while some states are raising the minimum wage by a few cents, most states that are raising their minimum wage are doing so by a dollar or more. Here are the states that are raising their minimum wage by at least $1 in 2023:

  • Arizona
  • Colorado 
  • Connecticut
  • Delaware
  • Florida
  • Illinois
  • Maine
  • Nebraska
  • New Jersey 
  • New York
  • Virginia

States that did not raise their minimum wage by at least $1 include Washington, Vermont, South Dakota, Rhode Island, Ohio, New Mexico, Nevada, Missouri, Montana, Michigan, Massachusetts, Maryland, and Alaska.

If you have further questions regarding the minimum wage in your state and how this may affect your business, reach out to us at ModVentures today.


You May Also Love

215 W. Giaconda Way, Suite 131, Tucson, AZ 85704

Phone: 520.572.1248

Contact Us

Access your dashboard below

Current Clients

Client Dasbboard

Fax: 877.977.9346


* We will never share your details with any third party 

Get A Free Financial Check Up

Assess Your Business Finances and Make Smarter Decisions

Thank you!

We'll get back to you shortly.