Colorado Minimum Wage 2024 Increase Chart. Workers receive a higher minimum wage in colorado that exceeds the federal minimum wage of $7.25. Thanks to subsequent adjustments based on cpi and the fair pay act, the colorado minimum wage reached $13.65 by 2023.
September 2024 local minimum wage fact sheet. The statewide minimum wage for colorado — currently $13.65 — will increase on january 1, 2024, in line with the cost of living (cola) to an amount not yet determined.