New York State Minimum Wage Increase 2024. New york city and the rest of “downstate” (nassau, suffolk, and westchester. The budget also addresses minimum wage rates beyond 2026.

Governor hochul has also pushed forward on executive actions to address new york’s housing crisis and reduce housing costs by increasing the state’s housing supply. In addition, the legislation mandates minimum wage increases for 2025 and 2026 as noted below.