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Vermont Minimum Wage Expected to Increase to $13.18 in 2023

Sept. 13, 2022, 8:38 PM

Vermont’s hourly state minimum wage is expected to rise to $13.18 from $12.55, and the hourly tipped minimum wage is expected to rise to $6.59 from $6.28 effective Jan. 1, 2023, according to Bloomberg Tax calculations.

The calculations were based on Vermont statutes and federal Bureau of Labor Statistics data issued Sept. 13.

This is the first year that Vermont’s minimum wage will increase based on changes to the consumer price index.