Your Money

Colorado’s minimum wage increases in 2021

By Hanna Knutson

November 13, 2020 10:20 AM

Published November 13, 2020 10:16 AM

COLORADO SPRINGS, Colo. (KRDO) - Due to an increase in annual inflation, Colorado's minimum wage will rise come January 1.

The minimum wage will go from $12.00 per hour to $12.32 per hour.

The 2.7% increase is because the Colorado Constitution mandates annual inflation adjustment based on the consumer price index for Colorado.

The consumer price index rose 2.7% over the past 12 months.

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Hanna is the traffic reporter for Good Morning Colorado. Learn more about Hanna here.

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