New Minimum Wage Rates for Santa Fe, New Mexico

 The minimum wage rates for the City of Santa Fe and Santa Fe County, New Mexico will increase to $14.60.

 

The city and county minimum wage rates adjust each year in accordance with the regional increase in inflation, which is calculated based off the percentage increase in the consumer price index (CPI-W) over the last 12 months.  The jurisdictions announce the upcoming minimum wage changes in the month prior, providing employers a short turnaround time to review and update employee wages.

 

Considering the quick turnaround time, employers should review the following key highlights of the local ordinances and upcoming minimum wage changes.

 

Source: GovDocs, received on March 4, 2024.