New minimum wage in Florida in 2024: how much it increases and when it takes effect

Florida is one of the states with a higher minimum wage than the federal rate of $7.25 per hour. In September 2023, an amendment was approved by voters and the legislature, resulting in an increase in the reference salary. Another increase is expected for next year.

On November 3, 2020, voters in Florida approved a state constitutional amendment that mandates the annual increase of the state’s minimum wage until it reaches $15 per hour on September 30, 2026.

Additionally, the measure allows for a gradual increase to offset for inflation that is implemented on an annual basis.

How much will the minimum wage increase?

The minimum wage in Florida was $11 per hour until September 29. However, since September 30, the standard minimum hourly wage has increased to $12. On the other hand, the minimum wage for tipped employees has risen from $7.98 per hour to $8.98.

From September 30 of next year, the standard minimum wage will rise to $13 per hour and $9.98 for tipped employees.

By 2025, the standard minimum wage will increase to $14 per hour and $10.98 for tipped employees. In 2026, the minimum wage will rise to $15 per hour and $11.98 for tipped employees.

The amendment sets forth an hourly wage increase of $1 until it reaches $15 in 2026. It also mentions that future increases will be based on inflation to ensure that the purchasing power of workers is not affected. The wage of $15 per hour will remain in effect until December 31, 2027. From 2028 onwards, indexed increases based on inflation will be implemented.

When will the minimum wage be increased?

It’s worth noting that Florida is not the only state that will increase its minimum wage in the upcoming year. A total of 25 regions have plans to raise the base salary, with 22 doing so as of January 1st, 2024. Nevada and Oregon will follow in July, while Florida will implement the raise in September. Here is a comprehensive list of the states and regions that will raise their minimum wage: