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Albuquerque Minimum Wage Information

Information about Albuquerque's minimum wage.

2024 Minimum Wage

The 2024 minimum wage required to be paid from Jan. 1, 2024, through Dec. 31, 2024:

  1. Starting Jan. 1, 2024, the minimum wage will be $12.00.
  2. Starting January 1, 2024, 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.
  3. Starting Jan. 1, 2024, 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%

2024 Minimum Wage Rates

Minimum Wage of January 2023 Increase Rounded *Effective Wage as of January 1, 2024 Percent Change
Minimum Wage $12.00 $0.00 $0.00 $12.00 0%
With Health Care $12.00 $0.00 $0.00 $12.00
0%
Tipped Employee
(60% of the 2024 Minimum Wage)
$7.20 $.00 $0.00 $7.20 0%

*Beginning January 1, 2024, the New Mexico Minimum Wage Act the minimum wage in New Mexico remains $12.00 per hour and the City of Albuquerque Minimum Wage Ordinance increases the City of Albuquerque adjusted minimum wage from $10.70 to $11.10 per hour. The prevailing minimum wage in the City of Albuquerque is the higher minimum wage between the New Mexico Minimum Wage Act and the City of Albuquerque Minimum Wage Ordinance, which is $12.00 per hour beginning January 1, 2024.