State Minimum Wage Changes for 2012
Eight states will increase their state minimum wage for 2012. Arizona, Colorado, Florida, Montana, Ohio, Oregon, Vermont and Washington state have increases effective January 1, 2012. Other states may announce increases at later dates.
- Arizona is increasing from $7.35 to $7.65
- Colorado has proposed an increase from $7.36 to $7.64, but it is still pending final approval.
- Florida is increasing from $7.31 to $7.67
- Montana is increasing from $7.35 to $7.65
- Ohio is increasing from $7.40 to $7.70
- Oregon is increasing from $8.50 to $8.80
- Vermont is increasing from $8.15 to $8.46
- Washington state is increasing from $8.67 to $9.04
In 2011, Washington state had the highest state minimum wage in the United States and that may turn out to be true for 2012 as well, depending on whether other states announce increases in the coming months.
The current federal minimum wage was effective July 24, 2009, and remains unchanged at $7.25 per hour for 2012. If the state minimum wage is different than the federal minimum wage, the higher rate will apply.
The material contained on this page is for informational purposes only and is current as of the date of publication. CompuPay is not a legal, tax or financial adviser and makes no claims as such. For tax, financial or legal advice, please seek a professional.