New Mexico Minimum Wage 2025 Increase. Below is a summary of these changes and guidelines to help. Starting january 1, 2025, more than 20 states and nearly 40 local jurisdictions will implement increases to their minimum wage rates.

The chart below lists state and certain major locality minimum wage increases for 2025—and future years, if available—along with the related changes in the maximum tip credit. For 2025, 21 states are poised to increase their minimum wage rates on january 1, with several other increases set to become effective later in the year.