City of Santa Fe Announces Updated Living Wage
January 16, 2013
New Wage Takes Effect March 1, 2013
SANTA FE – January 16, 2013 – With the release of data from the Bureau of Labor Statistics, City of Santa Fe staff is announcing an update to the Living Wage. Effective March 1, 2013, the Living Wage in Santa Fe will be $10.51 per hour. This minimum wage will apply to all businesses located in the city of Santa Fe.
The cost-of-living increase in the Living Wage is tied to the annual increase 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 (Article 28-1.5 B SFCC 1987). 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.
On the new Living Wage, Mayor David Coss said: “This cost-of-living increase ensures that we will not leave the lowest paid workers behind. 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.”