The latest COLA is 2.5 percent for Social Security benefits and SSI payments. Social Security benefits will increase by 2.5 percent beginning with the December 2024 benefits, which are payable in January 2025.
Living Wage Calculation for Miami-Dade County, Florida 1 ADULT2 ADULTS (BOTH WORKING) 0 Children2 Children Living Wage $24.26 $25.95 Poverty Wage $7.24 $7.50 Minimum Wage $12.00 $12.00
Effective September 30, 2024, the Florida minimum wage will be $13.00 per hour. On November 3, 2020, Florida voters approved a constitutional amendment to gradually increase the state's minimum wage each year until reaching $15.00 per hour in September 2026.