A key area for those that do business in Maryland or those looking to start their own business or franchise in Maryland is understanding the minimum wage and what you are legally obligated to pay.
For those who are employed, it is also important to know your rights and what you should be paid for the work and hours you do. The minimum wage in Maryland is higher than most, however, 21 states still use the federal minimum wage.
January 1st, 2021, saw the Maryland minimum wage rise from $11.00 per hour to $11.75 per hour. This is a significant increase, especially considering the prior two years failed to realize any increase in the Maryland minimum wage. This is the tenth highest of all 50 states. If you would like to see the top 10 highest state minimum wage rates by state, then head over to our page that is dedicated to this.
The Maryland minimum wage is set to increase even more over the next 4 years, with pre-determined increases set to take place each year, all the way through to 2025 where it will hit $15.00 per hour.
If you would like to see the history of the minimum wage in Maryland over the past 10+ years, 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 Maryland Minimum Wage Go Up?
The graphic below highlights the Maryland minimum wage over the past several years. The minimum wage did go up in 2021 from $11.00 per hour (in 2020) to $11.75 in 2021.
Maryland Minimum Wage 2021
Maryland will see a significant minimum wage increase over the next several years as lawmakers signed in a new policy in 2019 to raise Maryland’s minimum wage to $15 per hour. The Maryland minimum wage increase is as follows:
- January 1, 2021 – $11.75
- January 1, 2022 – $12.50
- January 1, 2023 – $13.25
- January 1, 2024 – $14.00
- January 1, 2025 – $15.00
For some in-depth information regarding laws, and workers’ rights, head over to the Maryland Department of Labor website. There have also been talks over the minimum wage for smaller businesses being lower than larger businesses.
Are you interested in starting a company in Maryland?
If you would like to register a new business in Maryland, check out our ultimate guide on How to Register a Business in Maryland.
The minimum wage for companies with 15 or more employees will have to pay a minimum wage of $15 per hour by 2025 and companies with 14 or less will have to pay $15 per hour by 2026. To learn more information regarding the US minimum wage by state, make sure to check out our page detailing all 50 states’ minimum wages.
There are many interesting facts about Maryland that you probably haven’t heard of. Feel free to check out a comprehensive list of them that also includes some very important economic facts if you are looking to start your own business or franchise or get a job in the state.
Maryland minimum wage history
The table below provides the history of Maryland’s minimum wage over the years since 2008. You can see when there were increases in the minimum wage, how much they were, and what percentage increase it represents.
|State||Wage||Year||$ Wage Increase||% Increase|
|Maryland Minimum Wage 2021||$11.75||2021||$0.75||6.8%|
|Maryland Minimum Wage 2020||$11.00||2020||$0.90||8.9%|
|Maryland Minimum Wage 2019||$10.10||2019||$0||0%|
|Maryland Minimum Wage 2018||$10.10||2018||$0.85||9.2%|
|Maryland Minimum Wage 2017||$9.25||2017||$0.50||5.7%|
|Maryland Minimum Wage 2016||$8.75||2016||$0.75||9.4%|
|Maryland Minimum Wage 2015||$8.00||2015||$0.75||10.3%|
|Maryland Minimum Wage 2014||$7.25||2014||$0||0%|
|Maryland Minimum Wage 2013||$7.25||2013||$0||0%|
|Maryland Minimum Wage 2012||$7.25||2012||$0||0%|
|Maryland Minimum Wage 2011||$7.25||2011||$0||0%|
|Maryland Minimum Wage 2010||$7.25||2010||$0||0%|
|Maryland Minimum Wage 2009||$7.25||2009||$0||0%|
|Maryland Minimum Wage 2008||$7.25||2008||$0||0%|
Maryland minimum wage history for the past 10+ years – downloadable PDF below
Maryland Minimum Wage History – Downloadable PDF
EIN Number Maryland
As a Maryland business owner and employer, or someone that is looking to register an LLC or an incorporated company in Maryland with the goal of hiring employees, now, or in the future, you will need to have a Maryland 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 Maryland 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 a foreign national applying for a Maryland EIN.