Colorado's state minimum wage will increase to $14.42 per hour beginning January 1, 2024. However, Colorado employers should be aware that municipalities within Colorado will also be increasing their minimum wage above the state's minimum wage. If a municipality provides a higher minimum wage rate than the state, the employer must pay the higher rate.
The following localities will be increasing their minimum wage.
| City/County | Applies to | Minimum Wage Rate Per Hour | Effective Date |
| Boulder County | All employees within the unincorporated parts of Boulder County. Does not include the city of Boulder. | $15.69 | 1/1/2024 |
| Denver | All employees. | $18.29 | 1/1/2024 |
| Edgewater | All employees. | $15.02 | 1/1/2024 |
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