What is MN minimum wage?

In Minnesota, the minimum wage is set to be $10.85 per hour for large employers in 2024. This wage is subject to annual adjustments based on inflation, ensuring that it keeps pace with the cost of living. Starting January 1, 2025, the minimum wage will increase to $11.13 for all employers, reflecting the state's commitment to providing fair compensation for workers. Additionally, in specific cities like Minneapolis and St. Paul, the minimum wage is higher due to local ordinances. For instance, large employers in Minneapolis and certain employers in St. Paul will see their minimum wage reach $15.57 as of January 19, 2024. This tiered approach to minimum wage reflects the varying economic conditions across different regions within the state, aiming to support workers in areas with higher living costs.