UPDATE: Colorado has just confirmed a significant increase in its minimum wage, set to take effect on January 1, 2026. The statewide minimum wage will rise to $15.16 per hour, marking a 35-cent increase from the previous year’s wage of $14.81. This change positions Colorado among the 19 states raising their hourly minimums, significantly impacting workers across the state.
This wage adjustment is crucial as it reflects ongoing inflationary pressures, with the state’s minimum wage updated annually based on the consumer price index. The new wage is more than double the current federal minimum wage of $7.25, which has remained unchanged since 2009.
In addition, workers whose earnings include tips will see their minimum wage increase to $12.14, up from $11.79. This adjustment utilizes the state’s minimum wage alongside the federal tip credit of $3.02.
Denver is set to implement the highest minimum wage in Colorado at $19.29 per hour, while Edgewater will adopt a minimum of $18.17. Notably, these figures surpass the highest minimum wage in the country, currently established in Washington State at $17.13.
Both Boulder and Boulder County have also adjusted their minimum wage to $16.82. This decision came after local commissioners revised a previous plan aimed at raising wages to $25 by 2030.
These changes are vital for workers in Colorado, providing much-needed financial relief amid rising living costs. As the state continues to prioritize wage increases, local economies will be affected, particularly in urban areas where the cost of living is higher.
The federal minimum wage is expected to remain stagnant at $7.25 in 2026, emphasizing the growing disparity between state and federal standards.
Watch for further updates as local governments may continue to adjust their minimum wages, reflecting the ongoing economic landscape and community needs. This wage increase not only benefits workers but also encourages economic growth and stability in Colorado.
