Colorado Minimum Wage 2024 Increase. While colorado's state minimum wage is $14.42 per hour, bolder has set its own, higher minimum wage rate that applies to employees of all companies who work. Colorado’s minimum wage will jump to $13.65 per hour next year — an 8.68 percent increase — amid persistent inflation.

(see below) increasing the minimum wage. Additionally, colorado’s minimum salary requirement for exempt employees will increase.