Summary

Minimum wage increases in 21 states and 48 localities starting January 2025 will benefit 9.2 million workers, adding $5.7 billion in wages, according to the Economic Policy Institute (EPI).

States like California are adjusting for inflation, while others, such as Nebraska and Montana, implemented voter-approved hikes. Women, Black, and Hispanic workers will see the most impact.

Despite the raises, many wages still lag behind rising costs of living, with EPI citing a “true living wage” as $20–$26/hour.

Meanwhile, the federal minimum wage remains unchanged at $7.25 since 2009.