Starting in January 2025, workers in Colorado will see a pay increase, though the amount will depend on where they work.
The statewide minimum wage in Colorado will rise from $14.42 to $14.81 per hour, which means full-time workers will earn about $811 more per year, bringing their total annual pay to about $30,804. This is the first time most minimum wage workers in the state will make more than $30,000 a year.
Workers who earn tips will also see a pay increase. Their hourly rate will rise by $0.39 to $11.79 starting January 1.
Some cities and counties in Colorado have set their own higher minimum wages. In Denver, the minimum wage will be the highest in the state, rising to $18.81 per hour, a $0.52 increase from last year. This means full-time workers in Denver will earn about $1,081 more annually, with a total of $39,124 before taxes.
In Denver, workers who make tips will also see a $0.52 increase, bringing their hourly wage to $15.79.
Here are the minimum wage rates across the state:
- Colorado (statewide): $14.81, or $11.79 with tips
- Denver: $18.81, or $15.79 with tips
- Edgewater: $16.52, or $13.50 with tips
- Boulder: $15.57, or $12.55 with tips
- Unincorporated Boulder County: $16.57, or $13.55 with tips
Previously, Boulder followed the statewide minimum wage, but now the city has set its own higher rate of $15.57, which is about 5% above the state minimum.