What is the minimum wage in Miami, Florida?

Jan 11, 2024 | 1 min read

As of January 1, 2024, the minimum wage in Miami, Florida, is $12.00 per hour. The minimum wage applies to most employees in Florida, with exceptions for tipped employees, some student workers, and other exempt occupations.

For tipped employees, the required cash wage is $8.98 per hour, but employers can take a tip credit of up to $3.02 per hour. This combined minimum wage for tipped employees is also $12.00 per hour.

Florida's minimum wage is linked to the Consumer Price Index (CPI), a measure of inflation in the U.S. economy. Each year, the minimum wage is adjusted based on the CPI change to help maintain its purchasing power. This ensures the minimum wage keeps pace with rising costs of living.

The Florida minimum wage is scheduled to increase by $1.00 every September 30th until reaching $15.00 on September 30, 2026.

For more detailed information, you can refer to the Florida Restaurant and Lodging Association, Minimum Wage, Department of Labor, Consolidated State Minimum Wage Update Table, and the Florida Policy Institute.

Learn More About Miami

Jan 11, 2024 | 1 min read

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DISCLAIMER: This information is provided for general informational purposes only and the content does not constitute an endorsement. Otter does not warrant the accuracy or completeness of any information, text, images/graphics, links, or other content contained within the content. We recommend that you consult with financial, legal, and business professionals for advice specific to your situation.

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