Salary Minimum Wage 2024 Colorado Springs Colorado. The federal minimum wage is $7.25 per hour while colorado’s state law sets the minimum wage rate at $14.42 per hour in 2024. Colorado’s new minimum wage rates increased on jan.
1, 2024, according to the state labor and employment department website. Below is an annual breakdown of the minimum salary for colorado employees, with the first changes effective beginning july 1, 2020 (which differs slightly.