New minimum wage in Florida in September 2024: How much is the new rate?

2024 marks the 15th anniversary of the last increase in the federal minimum wage. In 2009, the hourly rate of $7.25 went into effect, and has remained so to this day. However, some states, including Florida, have established higher hourly wages.

Some states have legislation that sets automatic annual increases, while others link their increases to inflation so as not to affect the purchasing power of their workers.

A number of states apply their increases at the beginning of each year, while others do so in July. In the case of Florida, a new pay hike goes into effect in September.

The new minimum wage in Florida starting September 30

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

Thanks to citizens voting in favor of the proposal, Amendment 2, has allowed for the gradual increase of the minimum wage, including an increase in 2024.

Beginning September 30, the standard minimum wage in Florida will rise from $12 to $13 per hour and to $9.98 for tipped employees.

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Florida’s minimum wage will continue to rise in the coming years

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

Although the amendment only provides for $1 increases up to $15 per hour in 2026, it also notes that subsequent increases will be based on changes in the Consumer Price Index so as not to affect workers' purchasing power.

The amendment states that the $15 per hour wage will be in effect until December 31, 2027. Indexed increases based on inflation will begin in 2028.