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Effective January 1, 2023, the Montana minimum wage increased 75 cents to $9.95 per hour.

It’s the largest inflationary increase since voters passed a ballot initiative to increase the minimum wage by $1.00 an hour to $6.12 in January 2017 and then make inflationary changes each year.

An estimated 23,500 Montana workers, or five percent of the workforce, received hourly wages less than $9.95 in 2022 and are likely to receive higher wages due to the 2023 minimum wage increase, state labor officials said.