The minimum wage in Denver will go up almost 50 cents on Jan. 1, in line with a city ordinance passed in 2019 that increases minimum wage in an effort to rise with the cost of living.

The local minimum wage will go from its current $18.81 per hour to $19.29. That means someone working 40 hours a week will go from making around $39,125 a year before taxes to about $40,123 a year before taxes. For tipped food and beverage workers, their minimum wage will go from $15.79 per hour to $16.27.

"Whether it's raising pay or lowering rent, we're committed to doing everything we can to make Denver more affordable," Denver Mayor Mike Johnston said in a statement on Thursday. "Our minimum wage has created new opportunity for Denver residents, and we will continue to work towards commonsense solutions

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