Minimum Wage 2024 Minnesota Increase. The state minimum wage may increase further if the ballot initiative on november 5, 2024 is approved by voters. A bill in the minnesota legislature would increase the state minimum wage to $15, and increase every year until it reaches $20 in 2028.
For larger companies, those with an annual gross revenue of more than $500,000, the minimum wage will increase from $10.59 per hour to $10.85 per hour. The table below lists the current prevailing 2024 minimum wage rates for every state in the united states.