On January 1, 2023, the statewide hourly minimum wage rate will increase to $10.10/hour, up from its current rate of $9.30/hour.
The statewide hourly minimum wage rate in Ohio increases annually every year, based upon inflation. While a wage hike in 2023 was known, the exact rate of increase was unclear until just recently. (For those wondering, wage hikes are based upon changes to the Consumer Price Index. Over the past twelve months, the Consumer Price Index has increased approximately 8%.)
Notably, this wage hike will apply to employers in the state with at least $370,000 in annual gross receipts (up from the $342,000 annual gross receipts from 2022.)
For additional information: https://www.cleveland.com/open/2022/10/ohio-minimum-wage-to-rise-to-1010-an-hour-for-non-tipped-workers-in-january.html
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