Washington has highest state minimum wage in 2024
Why it matters: Washington's 2024 wage floor of $16.28 per hour reflects recent rises in inflation, which determine how much the state's minimum wage rises each year.
Reality check: It takes more than Washington state's minimum wage to comfortably afford the state's typical rent.
- Full-time workers earning the new minimum wage will make just under $34,000 per year.
- Meanwhile, the average apartment rent in Washington state costs more than $21,000 per year.
- That's according to the Washington Center for Real Estate Research, which pegged the average statewide apartment rent at about $1,760 per month in the third quarter of 2023.
Of note: Twenty-one other states also raised their minimum wages Jan. 1, Axios' Emily Peck reports.
- Twenty more states follow the federal minimum wage of $7.25 an hour, which was last raised in 2009.
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