New Mexico Minimum Wage Increase 2024. This was an increase compared with 39 investigations in 2022 and 44 in 2021. The tipped minimum wage will increase to $4.95 from $4.78, according to the news release.
While new mexico’s state minimum wage is $12.00 per hour, albuquerque has set its own, higher minimum wage rate that applies to employees of all companies who work within albuquerque. The 2024 minimum wage in new mexico is $12.00 an hour for employers.