Every July 1, Chicago’s minimum wage increases per the Minimum Wage Ordinance. The Chicago minimum wage is tiered for large businesses with 21 or more employees, and small businesses with 4 to 20 employees. The minimum wage for larger employees increases annually according to the Consumer Price Index or 2.5%, whichever is lower. The minimum wage as of July 1, 2023, will be:
- $15.80 for employers with 21 or more employees (including all domestic workers, regardless of the number employed)
- $15.00 for employers with 4 to 20 employees
- The minimum wage for tipped employees will be $9.48 for employers with 21 or more employees, and $9.00 for employers with 4 to 20 employees (employers must make up the difference between any tips received and the applicable minimum wage for non-tipped workers.)