Florida Minimum Wage 2024 Annual Report. Beginning in 2027, the minimum wage rates will be adjusted annually for inflation. 1, 2025, this amount goes to $151,164 per year.
Federal and state minimum wage rates, annual. The minimum cash wage for tipped workers in the district of columbia increased to $10.00 per hour on july 1, 2024, and it is scheduled to gradually increase annually until it reaches the full minimum wage.