Ohio's minimum wage has increased by 2.3%, going from $10.45 per hour to $10.70 per hour as of Jan. 1. The minimum wage for tipped employees also has increased from $5.25 per hour to $5.35 per hour, but businesses might face larger wage hikes if voters approve an amendment potentially coming to the ballot in 2025.

Ohio's minimum wage is set to increase on Jan. 1, 2025 from $10.45 to $10.70 per hour for non-tipped employees, according to the Ohio Department of Commerce. Tipped employees will be starting at $5.35 per hour, up from the 2024 rate of $5.25. These rates apply to employees at businesses with annual gross receipts higher than $394,000 per year.