DENVER — Denver's minimum wage will increase from $15.87 per hour to $17.29 per hour starting Jan. 1.
The city's minimum wage is adjusted annually based on calculations made at the Department of Finance. The $1.42 increase translates to a raise of almost 9% according to City Auditor Timothy O'Brien, and is a response to rising prices throughout the city.
Denver's minimum wage will be higher than the statewide wage — which increases from $12.65 per hour to $13.65 on Jan. 1 — and almost 2.5 times higher than the federal minimum wage of $7.25.
Denver's cost of living is 12% higher than the national average according to RentCafe.
"It is time to get the word out now," O'Brien said. "It’s time for employers to update their payrolls and workers to watch their paychecks."
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