New Mexico Payroll Updates - October 2024
Week Of 10.21.2024
Albuquerque's minimum wage will remain at $12.00 per hour in 2025.
Tipped employees will earn 12.00 per hour in 2025.Tipped employees will earn $7.20 per hour. Employers can reduce wages by $1.00 per hour if they offer benefits, but the minimum wage cannot fall below 1.00per hour if they offer benefits , but the minimum wage cannot fall below $12.00 per hour.
Week Of 10.21.2024
New Mexico Albuquerque Minimum Wage Information for 2025
Effective January 1, 2025, the minimum wage rate for the City of Albuquerque will be $12.00 per hour, and the rate for tipped employees will be $7.20 per hour. Both rates are unchanged from 2023. While the City of Albuquerque Minimum Wage Ordinance allows for a reduction of up to $1.00 per hour if an employer offers certain benefits to its employees, the minimum wage rate set by the New Mexico Minimum Wage Act cannot fall below $12.00 per hour. For information regarding New Mexico's local minimum wage rates, see Payroll Guide ¶19,180.
Week Of 10.21.2024
New Mexico Albuquerque Minimum Wage Information for 2025
Effective January 1, 2025, the minimum wage rate for the City of Albuquerque will be $12.00 per hour, and the rate for tipped employees will be $7.20 per hour. Both rates are unchanged from 2023. While the City of Albuquerque Minimum Wage Ordinance allows for a reduction of up to $1.00 per hour if an employer offers certain benefits to its employees, the minimum wage rate set by the New Mexico Minimum Wage Act cannot fall below $12.00 per hour. For information regarding New Mexico's local minimum wage rates, see Payroll Guide ¶19,180.