Salary Minimum Wage 2024 Colorado Time. The department’s final rule, which will go into effect on july 1, 2024, will increase the standard salary level that helps define and delimit which salaried workers. The colorado minimum wage rate for untipped workers is due to increase to $14.42 per hour on january 1, 2024.
The minimum wage for all employees paid on an hourly basis is $14.42 per hour (applicable from january 1, 2024) irrespective of company size. The 2024 minimum wage in colorado is $14.42 an hour for employers.