Yesterday, on April 16th, the Bureau of Labor and Industries (BOLI) announced the new minimum wage rates, which will take effect on July 1, 2024. The minimum wage will increase 50 cents based on inflation to the following:
- Standard Minimum Wage: $14.70 per hour
- Portland Metro Minimum Wage*: $15.95 per hour
- Non-Urban Minimum Wage**: $13.70 per hour
*Portland Metro Minimum Wage depends on the work location but generally is within Clackamas, Multnomah, and Washington Counties. To see if an exact address qualifies, click here.
**Non-urban counties: Baker, Coos, Crook, Curry, Douglas, Gilliam, Grant, Harney, Jefferson, Klamath, Lake, Malheur, Morrow, Sherman, Umatilla, Union, Wallowa, and Wheeler.
As a reminder, as of 2023, BOLI’s Labor Commissioner calculates an adjustment to Oregon’s minimum wage rate no later than April 30th of each year. The minimum wage is adjusted annually based on the increase, if any, to the US City average Consumer Price Index for All Urban Consumers (CPI).
For the 2024 minimum wage rates, based on an increase in the CPI of 3.5% from March 2023 to March 2024, the new standard minimum rate is as follows:
- $14.20 X .035 = $0.50 (rounded to the nearest five cents), for a total of $14.70.
Oregon employers with minimum wage positions should properly evaluate how the minimum wage adjustments will impact your entry level employees effective as of July 1st.