New York Minimum Wage 2026. This upcoming wage increase is part of the historic agreement to increase new york’s minimum wage through 2026 and index to inflation beginning in 2027. In maine, the minimum wage will increase to $14.65, rising 50 cents.
As part of the fy 2024 budget, governor hochul secured an historic agreement to increase new york’s minimum wage through 2026 and index it to inflation beginning in 2027. We estimate that the resulting increases in the state minimum wage would lift wages for more than 2 million new yorkers through 2026.