State or federal Year Low inflation (1%) Fed target inflation (2%) High inflation (3%)
Federal minimum wage2025$14.41$13.86$13.33
California2022$14.85$14.71$14.56
Connecticut2023$14.70$14.42$14.14
Florida2026$14.27$13.59$12.94
Illinois2025$14.41$13.86$13.33
Maryland2025$14.41$13.86$13.33
Massachusetts2023$14.70$14.42$14.14
New Jersey2024$14.56$14.13$13.73
Virginia2026$14.27$13.59$12.94