Oregon’s minimum wage increases on July 1, 2020 , but the raises won’t be the same across the state. The minimum wage increases to $13.25 per hour inside the Portland urban growth boundary, $11.50 per hour in nonurban counties, and $12.00 in other areas of the state.
|0 Children||1 Child|
|Required annual income after taxes||$26,061||$49,845|
|Required annual income before taxes||$31,535||$60,779|
On April 4, California Governor Jerry Brown signed SB 3 into law. The new law increases the minimum wage to $15 per hour by Jan. For employers with 25 or fewer employees the minimum wage will reach $15 per hour by Jan. 1, 2023.
Oregon’s cost of living is high, especially in larger city’s like Portland where rent can average right around $1,500 a month. That’s expensive. But, when compared to the state as a whole, only slightly more expensive than other city’s. Rent in Oregon averages just under $1,100 a month.
Excluding Washington, D.C. ‘s $15 hourly minimum wage, California has the highest in the country at $14 per hour. States with minimum wage increases in 2021:
|2020 Minimum Wage||$10.19|
|2021 Minimum Wage||$10.34|
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In addition to Florida , the following states have approved $15 an hour minimum wage increases: California . Connecticut . Illinois. Maryland . Massachusetts . New Jersey . New York . Virginia.
Effective as of June 1, 2020 . The minimum wage in B.C. will rise to at least $15.20 on June 1, 2021. View more information.
States such as California , Florida , Illinois, Massachusetts and others have approved gradual, annual minimum wage increases to reach $15 per hour within several years.
PORTLAND , Ore . (KOIN) — A new report says you need to make about $60,000 per year to live comfortably in Portland , according to numbers from GoBankingRates.com. Those numbers are about $7,000 higher than the median Portland household yearly income of approximately $53,000.
Portland , Oregon’s cost of living is 29% higher than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.
In 2021 , the minimum wage is $11.75 for large employers and $11.60 for small employers, increasing at different increments to reach $15.00 in 2025 for large employers and in 2026 for small employers. $13.50 per hour, an increase of 75 cents.
Some states – California, Illinois, Maryland, Massachusetts and New Jersey – are incrementally raising their minimum wage throughout 2021 en route to reaching $15 per hour.
In July 2019, the nonpartisan Congressional Budget Office estimated that a $15 minimum wage would eliminate 1.3 million jobs. The CBO also forecast that such an increase would reduce business income, raise consumer prices, and slow the economy . The U.S. economy will be very weak throughout 2021.