Colorado 2024 Minimum Wage Increase. The rule increases the minimum salary threshold to qualify for the white collar or executive, administrative, and professional employee exemptions to overtime. 1, 2024, according to a press release from the city.
Looking ahead, colorado’s statewide minimum wage will increase on january 1, 2024, to $14.42 per hour. The statewide minimum wage for colorado — currently $13.65 — will increase on january 1, 2024, in line with the cost of living (cola) to an amount not yet determined.