New York Minimum Wage Calculator 2026
New York minimum wage: $16/hr (tipped: $10.65/hr). Calculate annual salary, monthly income, and take-home pay at minimum wage.
How This Calculator Works
Calculation methodology and assumptions
This calculator computes annual, monthly, and weekly earnings at New York's minimum wage of $16/hr. For tipped employees, the base rate is $10.65/hr. The federal minimum wage is $7.25/hr — New York's rate is higher, so the state rate applies. Calculations assume no overtime and consistent hours.
Key State Information
New York minimum wage: $16/hr. Tipped rate: $10.65/hr. New York allows a tip credit, meaning employers can pay tipped employees $10.65/hr as long as tips bring total compensation to at least $16/hr. New York has one of the highest minimum wages in the nation.
Frequently Asked Questions
What is the minimum wage in New York in 2026?
New York's minimum wage is $16/hr as of 2026. For tipped employees, the minimum is $10.65/hr. Working 40 hours/week, 52 weeks/year, this equals approximately $33,280 gross annual income.
Is New York's minimum wage going up?
Many states have scheduled annual minimum wage increases tied to inflation (CPI). Check New York's Department of Labor for upcoming rate changes. New York has already reached $15+/hr, though future increases may still occur.
Can you live on minimum wage in New York?
New York's cost of living index is 123.8 (100 = national average). At $16/hr full time, you'd earn about $33,280/year before taxes. With above-average costs, this would be very challenging.