Albuquerque Minimum Wage Information
Information about Albuquerque's minimum wage.
2023 Minimum Wage
The 2023 minimum wage required to be paid from Jan. 1, 2023, through Dec. 31, 2023:
- Starting Jan. 1, 2023, the minimum wage will be $12.00.
- Starting January 1, 2023, the minimum wage will be $12.00 if the employee’s employer provides healthcare and/or childcare benefits to the employee during any pay period and the employer pays an amount for these benefits equal to or in excess of an annualized cost of $2,500.00.
- Starting Jan. 1, 2023, the minimum wage for tipped employees will be $7.20.
Consumer Price Index: Urban Wage Earners & Clerical Workers
| Period | CPI Index |
|---|---|
| August 2021 | 267.838 |
| August 2022 | 290.973 |
| Percent Change | 8.638% |
2023 Minimum Wage Rates
| Minimum Wage of | January 2022 | Increase | Rounded | *Effective Wage as of January 2023 | Percent Change |
|---|---|---|---|---|---|
| Minimum Wage | $11.50 | $0.50 | $.50 | $12.00 | 4.3% |
| With Health Care | $11.50 | $0.50 | $.50 | $12.00 |
4.3% |
| Tipped Employee (60% of minimum in 2022) |
$6.90 | $.30 | $0.30 | $7.20 | 4.3% |
*Beginning January 1, 2023 the State of New Mexico minimum wage rate increases to $12.00 per hour.