Current Minimum Wage 2024 Maryland. 1, 2024, assuming a $15.00 minimum wage rate for all maryland employers, the threshold would be $22.50 per hour, or approximately $46,800. Maryland’s ringing in 2024 with a hefty minimum wage spike to $15 per hour under the fair wage act of 2023.

Starting on january 1, 2024, the state’s minimum wage will increase to $15 for maryland businesses. Maryland’s minimum wage as of january 1, 2024 is $15.00 per hour.