What is Maine’s Minimum Wage for 2024?
Maine’s minimum wage for 2024 is $14.15 per hour. On September 15, 2023, the Maine Department of Labor announced that effective January 1, 2024, the state minimum wage will increase from $13.80 per hour to $14.15 per hour.
This increase is required as part of the annual adjustments to the state minimum wage based on the cost-of-living index (CPI-W) for the Northeast Region pursuant to state law. The increase in the cost of living is measured by the percentage increase, if any, as of August of the previous year over the level as of August of the year preceding that year. The amount of the minimum wage increase IS rounded to the nearest multiple of $0.05. The Maine Department of Labor reports a 2.4% increase in the CPI-W from August 2022 through August 2023.
What is Maine’s Tipped Minimum Wage for 2024?
Maine’s tipped or direct service wage will increase to $7.08 per hour effective January 1, 2024.
What is Maine’s Minimum Salary Threshold for Exempt Workers for 2024?
Also effective January 1, 2024, the minimum salary threshold for workers exempt from overtime pay will be $816.35 per week or $42,450.20 per year, up from $796.17 in 2023. Maine has released a guide to overtime requirements for salaried workers which can be accessed on the Maine Department of Labor website.