The current minimum wage in Virginia Beach is $12.00 per hour. This is the same as the state minimum wage, which was last increased on January 1, 2023. The federal minimum wage is currently $7.25 per hour, so workers in Virginia Beach earn more than the federal minimum wage. The minimum wage in Virginia Beach is higher than the national average of $7.25 per hour. As of January 1, 2023, there are 22 states and Washington, D.C. that have a minimum wage that is higher than the federal minimum wage. The minimum wage in Virginia Beach has increased lately.
The minimum wage was last increased on January 1, 2023. The minimum wage is scheduled to increase gradually each year until it reaches $15 per hour on January 1, 2026. The U.S. Bureau of Labor Statistics estimates that there are about 100,000 workers in Virginia Beach who earn the minimum wage. This represents about 6% of all workers in the city.
What is the difference between gross wages and net wages?
It's important to remember that the Hourly Wage Index data above reflects gross wages, or the amount of money an employee earns before accounting for payroll deductions like taxes, benefits, or wage garnishments. Due to variability in tax rates across locations, slightly lower gross wages in a certain location might result in higher take home pay, or vice versa.
What is a good hourly wage?
It's important to remember that the Hourly Wage Index data above reflects gross wages, or the amount of money an employee earns before accounting for payroll deductions like taxes, benefits, or wage garnishments. Due to variability in tax rates across locations, slightly lower gross wages in a certain location might result in higher take home pay, or vice versa.
Offering competitive pay is one of my top priorities—what other resources do you have that might help?
It's important to remember that the Hourly Wage Index data above reflects gross wages, or the amount of money an employee earns before accounting for payroll deductions like taxes, benefits, or wage garnishments. Due to variability in tax rates across locations, slightly lower gross wages in a certain location might result in higher take home pay, or vice versa.
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