Minimum Wage Florida 2024 Comparison 2024. A new minimum wage rate is expected in florida. The average state minimum wage in 2024 is $10.69.
Minimum wage florida 2024 comparison. One significant legislative change on the horizon is the new employment law bill, cs/hb 433, set to take effect on july 1, 2024.
Increases Minimum Base Salary For Certain Teachers.
The state law excludes from coverage any employment that is subject to the federal fair labor standards act when the federal rate is greater than the state rate.
Additional Cities Raised Wages Even Further, While Three Other States — Florida, Nevada, And Oregon — Will Raise Their Minimum Wage Later In The Year.
This rate is more than the federal minimum wage of $7.25.
In November 2020, Florida Voters Approved Changes To The State’s Minimum Wage, Which Will Gradually Increase From The Current $8.65 An Hour To $15 An Hour By September 2026.
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Values As Of March 1, 2024.
While the current federal minimum wage of $7.25 per hour still prevails in 20 states, all other states have higher minimum wage rates.
On January 1, 2024, The State Of Florida Increased The State’s Minimum Wage To $12.00 For Each Hour Worked, Except Worker’s Tips.
This rate is more than the federal minimum wage of $7.25.
Annual Percentage Yield (Apy) Was A Main Factor But Not The Only Factor Considered When Building Our List Of The Best Accounts.