Colorado Minimum Wage 2024 Salary. As of january 2024 the colorado minimum wage rate has increased from $13.65 an hour to $14.42 an hour. Colorado's state minimum wage will increase to $14.42 per hour beginning january 1, 2024.

The city of denver, however, passed a bill to increase the minimum. Additionally, overtime work must be paid at 1 ½ times the minimum, which equates to $21.63 per hour in 2024.