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What is the Minneapolis Minimum Wage? In 2024, the minimum wage across the city of Minneapolis is rising to $15.57. First, on January 1, 2024, large businesses (more than 100 employees) and franchises start paying at least $15.57.
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Minnesota's minimum-wage rates will be adjusted for inflation Jan. 1, 2024, to $10.85 an hour for large employers and $8.85 an hour for other state minimum wages.
The state minimum-wage is higher than the federal minimum-wage, so employees who are covered by both laws must be paid the higher state minimum-wage.Minimum-wage rates apply to all hours worked, whether part time or full time.Employees must be paid at least the current minimum-wage rate, no matter how they are paid.St. Paul and Minneapolis both have minimum wage ordinances that may require a higher rate of pay. Learn more about city minimum wage requirements for Minneapolis and St. Paul.No employer may take a tip credit against minimum wages in Minnesota.An employee must be paid at least the minimum wage per hour, plus any tips the employee might earn.Review the employer's past four quarterly tax estimates or the previous year audit statement.Add up the gross revenue for the four most recent quarters.Exclude excise taxes that are listed separately.If the combined amount of gross revenue is more than $500,000, pay the large employer minimum-wage rate.Nov 30, 2023 · November 30, 2023. Civil Rights. In 2024, the minimum wage across the city of Minneapolis will rise to $15.57. First, on January 1, 2024, larger employers (more than 100 employees) and franchises start paying at least $15.57. Next, on July 1, 2024, all other employers (100 or fewer employees) reach the same required minimum wage of $15.57.
Back to top. Actual minimum wages for Minnesota, Minneapolis and St. Paul. Figure 1 shows the minimum wage rates effective in Minnesota and the cities of Minneapolis and St. Paul for 2019 to 2028. As of Jan. 1, 2021, the Minnesota minimum wage is $10.08 for large employers (see figure for employer size definitions) and $8.21 for small employers.
Dec 28, 2023 · Minnesota's minimum-wage rates will be adjusted for inflation Jan. 1, 2024, to $10.85 an hour for large employers and $8.85 an hour for other state minimum wages. As of Jan. 1, 2024: Large employers – with annual gross revenues of at least $500,000 – must pay at least $10.85 an hour.
With the introduction of municipal minimum wages in Minneapolis and St. Paul (all slated to reach $15.00 an hour at various points in the 2020s), the minimum wage in Minnesota has become a more nuanced issue.
Jan 4, 2021 · 350 Fifth St. S. Minneapolis, MN 55415. Office hours. Last updated on January 4, 2021. The Minimum Wage Ordinance sets an hourly minimum wage for work performed in Minneapolis. It's now in effect for all businesses.
