Effective March 1, 2013, the Living Wage in Santa Fe will be $10.51 per hour.
With the release of data from the Bureau of Labor Statistics, the City of Santa Fe staff has announced an update to the living wage. Effective March 1, 2013, the living wage in Santa Fe will become $10.51 per hour. This minimum wage will apply to all businesses located within the city of Santa Fe.
The increase is tied to the annual rise in the Consumer Price Index for Urban Wage Earners and Clerical Workers for the Western Region, according to the Living Wage Ordinance of the City of Santa Fe. That index increased 2.09% in 2012. The corresponding increase in the current Living Wage is 0.2150 from the rate of $10.29 per hour.
"This cost-of-living increase ensures that we will not leave the lowest paid workers behind," said Santa Fe Mayor David Coss. "We will also continue to work with our partners to grow high-wage jobs in Santa Fe. With 13 straight months of job creation, we have the best job growth rate and lowest unemployment rate of any metropolitan area in New Mexico. The living wage gives us an important floor and we will continue to reach higher."
From a City of Santa Fe media release