Salary Minimum Wage 2024 Ny Times. The minimum hourly wage rate for new york city, westchester, long island, and the rest of new york state will increase annually for 2024 to 2026 as follows: The department’s regulations require executive, administrative, and professional (eap) employees to be paid at least a minimum salary amount to be exempt from the fair.

Both rates will increase by an. Employers should adjust their minimum exempt salary to $58,458.40 annually ($1,124.20 weekly) to reflect the increase that took effect january 1, 2024 in areas.