Your Guide to Florida’s Minimum Wage

Your Guide to Florida’s Minimum Wage
Everything you need to know about Florida's minimum wage.
by Square Oct 02, 2023 — 2 min read
Your Guide to Florida’s Minimum Wage

Florida’s minimum wage is on the rise. This article tells you everything you need to know about minimum wage in the Sunshine State, and what you can do to prepare for any changes.

What is the minimum wage in Florida in 2024?

On September 30, 2023, Florida’s minimum wage increased to $12.00 from $11.00, which is more than the federal minimum wage of $7.25.

In November 2020, voters decided on raising the minimum wage gradually through 2026 to $15.00 an hour. The Florida minimum wage will increase to $13.00 an hour on September 30, 2024. Each year will see a $1 increase until 2026 when the minimum wage will reach $15.00.

Are there plans to change the minimum wage after 2026?

The Florida minimum wage is recalculated each year on September 30 and will increase through 2026.

There is not yet any legislation on raising the minimum wage past 2026.

How should small business owners prepare for minimum wage and paid leave increases?

Every business is different, so there isn’t one right way to prepare. Here are a few options you may want to consider:

As always, to make sure your business is prepared and stays in compliance (such as making sure you get an EIN, we recommend that you discuss these upcoming changes to the Florida minimum wage and paid family leave laws with your accountant and lawyer.

The Bottom Line is brought to you by a global team of collaborators who believe that anyone should be able to participate and thrive in the economy.


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