What Is Minimum Wage In New Mexico 2024. That measure would bump new mexico's minimum wage up to $15.50 per hour starting in 2025 — it would increase to $13.50 in 2024 — and would also call for future increases based on a. Location minimum wage $7.25 $12.00 $7.25 $7.25 $7.25 federal nm ok tx ut $0.00 $5.00 $10.00 $15.00.
Effective january 1, 2024, the daily minimum wage applicable will be mxn $374.89 (approximately usd $21.83) for the free zone of the northern border ( zona libre de la frontera norte, zlfn) and mxn $248.93 (approximately usd $14.50) for the rest of the country. This is the result of a law signed by governor michelle lujan grisham in 2019 that gradually increased the minimum wage to $12 per hour by 2023.
The Prevailing Minimum Wage In Albuquerque, New Mexico, Will Remain Unchanged At $12 Effective Jan.
The minimum wage in new mexico is $12.00 per hour for all employees, effective january 1, 2023.
Cost Of Living Increases Would Also Start In 2025.
Graph and download economic data for state minimum wage rate for new mexico (sttminwgnm) from 1968 to 2024 about nm, minimum wage, wages, rate, and usa.
It’s Going To Continue To Uplift Our Families And Bring Them Out.
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The Hourly Minimum Wage In Las Cruces, New Mexico, Will Rise To $12.36 From $12 Effective Jan.
Now, let’s take a look at new mexico’s minimum wage laws, pay frequency requirements, laws regarding pay stubs and final paychecks, as well as mandatory and optional benefits.
Business Owners, Organizations And Corporations Must Stay Updated And Compliant With Minimum Wages In New Mexico To Avoid Any Legal Issues.
Smaller jurisdictions have their own minimum and/or tipped employee rates *new york minimum wage in 2024.
The Prevailing Minimum Wage In Albuquerque Will Remain $12.