Chicago and Cook County Set to Raise Minimum Wage

The Mayor of Chicago recently announced the scheduled annual increase in Chicago’s minimum wage. On July 1, 2024, the minimum wage will increase to $16.20. Currently, the city’s minimum is tiered for large and small businesses. Beginning July 1, this will no longer be the case — all employers with four or more employees will be subject to the $16.20 minimum wage amount. The new minimum hourly wage for tipped workers will be $11.02.

Cook County will also see a slight increase to its minimum wage on July 1, 2024, from $14.00 to $14.05.