Maryland’s general assembly previously voted to override Governor Larry Hogan’s veto of the Maryland minimum wage increase. The Maryland minimum wage, starting in 2023, will be $13.25 for larger businesses and $12.80 for small businesses. Montgomery County’s minimum wage increased earlier this year, on July 1, to $15.65 for all large employers.
As part of the bill that was recently passed, Maryland’s minimum wage will gradually increase over time (much like a Montgomery County’s has). The Maryland minimum wage is $15 per hour in 2025 for businesses with 15 or more employees, and in 2026 it will raise to $15 for businesses with 14 or fewer employees. The Maryland minimum wage increase schedule is as follows:
| Date | Employers with 15 or more | Employers 14 or fewer |
|---|---|---|
| January 1, 2022 | $12.50 | $12.20 |
| January 1, 2023 | $13.25 | $12.80 |
| January 1, 2024 | $14.00 | $13.40 |
| January 1, 2025 | $15.00 | $14.00 |
| July 1, 2026 | NA | $15.00 |