Colorado Minimum Wage 2024. If passed, the increase would go into effect for businesses with over 26 employees starting in 2025. Colorado’s new minimum wage for 2024 is $14.42.

Colorado’s minimum wage is expected to rise to $14.42 from $13.65 effective jan. If passed, prop 32, also known as the living wage act, would require employers with 26 or more employees to raise wages to $17 immediately and then to.