2024 Cost Of Living Increase For Employees In Florida. On november 3, 2020, florida voters approved a constitutional amendment to gradually increase the state's minimum wage each year until reaching $15.00 per hour in september 2026. According to mit's living wage calculator, a living wage for a single adult with no children in florida to pay for necessities where they live was, on average, $22.43 an hour according to the.
Important update about state workers next pay increase. As employers begin to figure out their 2025 pay strategies, new data indicates that next year’s raises may be even lower than what other reports have estimated.