Colorado Tipped Minimum Wage 2024 Salary. In 2023, the statewide minimum wage was $13.65, or $10.63 for those who make. However, tipped employees are also subject to a “tip credit.”.

On january 1, 2024, denver’s minimum wage will increase by one dollar, from $17.29 to $18.29 per hour (almost a 5.8% increase). Colorado labor law allows tipped employees to be paid a lower cash wage than the standard colorado minimum wage by their employers, as up to $3.02 in tips earned per hour can be deducted from their wage as a tip credit.