2021 United States Minimum Wage in Today's Dollars
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In the year 2021, the United States minimum wage was $7.25.
This is equivalent to $8.54 in 2024 dollars.
Note: We determine the value of a dollar using the Consumer Price Index from December of the previous year.
Has minimum wage kept up with increases in the cost of living?
Here's how much the 2021 minimum wage of $7.25 would be worth over time, compared to the actual minimum wage from that year.
Year | Inflation-adjusted | Actual |
---|---|---|
2024 | $8.54 | $7.25 |
2023 | $8.26 | $7.25 |
2022 | $7.76 | $7.25 |
2021 | $7.25 | $7.25 |