Source: Mentalfloss.com, “The Minimum Income It Takes to Live in Each State.” Published May 20, 2016.
Today, a majority 28 states have minimum wage rates higher than the federal standard – and more states are following suit. On January 1, 2017, 40 states and jurisdictions increased their minimum wages, including 11 jurisdictions in California, three in Washington state, and three in Iowa.
In states like Alaska and Missouri, the difference is nominal, so they’ll see an increase of just 5 cents. Others, like Arizona and Washington, will see a leap of more than a dollar, which could make it harder for small businesses in these states to turn a profit, but easier for low-wage workers to make a living.
Additionally, it’s important to note that, for many states, this 2017 increase is just the first step in a much bigger minimum wage plan. Arizona promises to boost their minimum wage by another $2 within the next three years, and California intends to raise their state minimum wage to a whopping $15 by 2022.