State or federal | Year | Low inflation (1%) | Fed target inflation (2%) | High inflation (3%) |
---|---|---|---|---|
Federal minimum wage | 2025 | $14.41 | $13.86 | $13.33 |
California | 2022 | $14.85 | $14.71 | $14.56 |
Connecticut | 2023 | $14.70 | $14.42 | $14.14 |
Florida | 2026 | $14.27 | $13.59 | $12.94 |
Illinois | 2025 | $14.41 | $13.86 | $13.33 |
Maryland | 2025 | $14.41 | $13.86 | $13.33 |
Massachusetts | 2023 | $14.70 | $14.42 | $14.14 |
New Jersey | 2024 | $14.56 | $14.13 | $13.73 |
Virginia | 2026 | $14.27 | $13.59 | $12.94 |