DENVER (KDVR) — The Colorado minimum wage is set to increase again as it continues to adjust for inflation per the state’s constitution.
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According to the Department of Labor and Employment’s Division of Labor Standards and Statistics, the statewide minimum wage will increase to $15.71, a jump of about 3.6% from the current rate of $15.16.
The increase to $15.71 is a 41.5% increase from 2019’s minimum wage of $11.10, according to a press release.
The minimum wage in Colorado is annually adjusted for inflation using the Bureau of Labor Statistics’ Consumer Price Index; however, the City and County of Denver use a different measure for inflation than the state as a whole:
- Colorado uses the CPI for All Urban Consumers (CPI-U)
- Denver uses the CPI for Urban Wage Earners and Clerical Workers (CPI-W)
CPI-W tracks specifically urban households, focusing on the cost-of-living that “directly affects working-class earners.”
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Denver’s minimum wage in 2027 will go to $19.84. In addition, the DLSS said that the statewide tipped worker minimum wage will be set at $12.69…