Minnesota Minimum Wage 2024 Impact Rate. The minimum wage will rise to $15.97 from $15.57. — minnesota’s hourly minimum wages are expected to rise to $10.85 for large employers and $8.85 for small employers effective jan.
— the higher minimum wage floor will affect a relatively small number of jobs: 1, 2024, to $10.85 an hour for large employers and $8.85 an hour for other state minimum.