In January 2021, the minimum wage in Florida increased from $8.56 (2020) to $8.65 per hour. This makes the Florida minimum wage higher than the current federal wage by $1.40, and almost $4.00 lower than the highest state minimum wage.
The Florida minimum wage increase over the past several years has been gradual when compared with other states, however, it has been increasing consistently since 2016.
In 2021 it has risen to $8.65 and there seems to be no indication of the minimum wage increases stopping each year.
Are you interested in the history of the minimum wage in Florida?
We have created a bar graph showing you the minimum wage each year and also a convenient PDF you can download. It is located at the bottom of this page.
Did the Florida Minimum Wage Go Up?
The graphic below highlights the Florida minimum wage over the past several years. The minimum wage did go up in 2021, with the Florida minimum wage 2020 increasing by 9 cents to $8.65.
Florida Minimum Wage 2021
Effective January 1st, 2021, the Florida minimum wage rate increased from $8.56 per hour to $8.65 per hour. The increase is calculated by the Florida Department of Economic Opportunity and is based on the percentage increase in the Consumer Price Index for the South Region, and the FL minimum wage is recalculated on September 30th each year.
This 2021 change means tipped workers must be paid $5.63 per hour and earn at least $3.02 in tip credits for their employers to abide legally by the minimum wage increase. If you would like more information on Florida Labor Laws, please visit the Department of Labor website.
Are you interested in starting a company in Florida?
If you would like to register a new business in Florida, check out our ultimate guide on How to Register a Business in Florida.
Another advantage that Florida has is that the income tax rate in the state is 0%. That’s right, there is no income tax in Florida! So, if you are earning the Florida minimum wage in 2021 of $8.65 per hour, your gross annual pay for a full-time position of 40-hours per week would typically be $17,992, and you would pay no Florida state income tax rate on this.
There are many interesting facts about Florida that you probably haven’t heard of. Feel free to check out a comprehensive list of them that also includes some very important economic facts if you are looking to start your own business or franchise or get a job in the state.
Florida Minimum Wage History
The table below provides the history of Florida’s minimum wage over the years since 2008. You can see when there were increases in the minimum wage, how much they were, and what percentage increase it represents.
|State||Minimum Wage||Year||$ Wage Increase||% Increase|
|Florida Minimum Wage 2021||$8.65||2021||$0.09||1.05%|
|Florida Minimum Wage 2020||$8.56||2020||$0.10||1.2%|
|Florida Minimum Wage 2019||$8.46||2019||$0.21||2.5%|
|Florida Minimum Wage 2018||$8.25||2018||$0.15||1.8%|
|Florida Minimum Wage 2017||$8.10||2017||$0.05||0.6%|
|Florida Minimum Wage 2016||$8.05||2016||$0||0%|
|Florida Minimum Wage 2015||$8.05||2015||$0.12||1.5%|
|Florida Minimum Wage 2014||$7.93||2014||$0.14||1.8%|
|Florida Minimum Wage 2013||$7.79||2013||$0.12||1.6%|
|Florida Minimum Wage 2012||$7.67||2012||$0.36||4.9%|
|Florida Minimum Wage 2011||$7.31||2011||$0.06||0.82%|
|Florida Minimum Wage 2010||$7.25||2010||$0||0%|
|Florida Minimum Wage 2009||$7.25||2009||$0.46||6.8%|
|Florida Minimum Wage 2008||$6.79||2008||$0||0%|
Florida minimum wage history for more than 10 years – downloadable PDF below
FL Minimum Wage History – Downloadable PDF
EIN Number Florida
As a Florida business owner and employer, or someone that is looking to register an LLC or an incorporated company in Florida with the goal of hiring employees, now, or in the future, you will need to have a Florida EIN number.
An EIN is also known as an Employer Identification Number and is issued by the internal revenue service (IRS). We have created a guide on how to get an EIN number in Florida with the IRS, and it includes links to the appropriate sources and forms and the differences between whether you are a U.S. citizen or foreign national applying for a Florida EIN.