Colorado Minimum Wage 2024 With Tips. 1, 2024, the new local minimum wage rates are as follows: In 2024, employers can pay employees $3.02 below the minimum hourly wage if those workers make enough in tips to reach the full minimum.

In 2018, the state passed the “fair pay for working families act,” which outlined gradual increases, reaching a goal of $12 per hour by 2020. The history of the colorado minimum wage dates back to 2006 when voters approved amendment 42, which increased the minimum wage from $5.15 to $6.85 per.