At $15 in 2025, the federal minimum wage would no longer be a poverty wage: Annual wage income for a full-time federal minimum wage worker compared with various poverty thresholds (2021$), 1968–2025

Year Full-time federal minimum wage income (2021$) Full-time federal minimum wage income (2021$) Two-person family threshold (2021$) Three-person family threshold (2021$) Four-person family threshold(2021$)
1968 $22,020 $17,543 $20,492 $27,021
1969 $21,070 $17,543 $20,492 $27,021
1970 $20,100 $17,543 $20,492 $27,021
1971 $19,261 $17,543 $20,492 $27,021
1972 $18,697 $17,543 $20,492 $27,021
1973 $17,588 $17,543 $20,492 $27,021
1974 $19,994 $17,543 $20,492 $27,021
1975 $19,387 $17,543 $20,492 $27,021
1976 $20,090 $17,543 $20,492 $27,021
1977 $18,882 $17,543 $20,492 $27,021
1978 $20,369 $17,543 $20,492 $27,021
1979 $20,360 $17,543 $20,492 $27,021
1980 $19,573 $17,543 $20,492 $27,021
1981 $19,326 $17,543 $20,492 $27,021
1982 $18,226 $17,543 $20,492 $27,021
1983 $17,479 $17,543 $20,492 $27,021
1984 $16,781 $17,543 $20,492 $27,021
1985 $16,224 $17,543 $20,492 $27,021
1986 $15,945 $17,543 $20,492 $27,021
1987 $15,415 $17,543 $20,492 $27,021
1988 $14,877 $17,543 $20,492 $27,021
1989 $14,254 $17,543 $20,492 $27,021
1990 $15,409 $17,543 $20,492 $27,021
1991 $16,629 $17,543 $20,492 $27,021
1992 $16,225 $17,543 $20,492 $27,021
1993 $15,826 $17,543 $20,492 $27,021
1994 $15,502 $17,543 $20,492 $27,021
1995 $15,138 $17,543 $20,492 $27,021
1996 $16,480 $17,543 $20,492 $27,021
1997 $17,489 $17,543 $20,492 $27,021
1998 $17,256 $17,543 $20,492 $27,021
1999 $16,896 $17,543 $20,492 $27,021
2000 $16,341 $17,543 $20,492 $27,021
2001 $15,889 $17,543 $20,492 $27,021
2002 $15,642 $17,543 $20,492 $27,021
2003 $15,295 $17,543 $20,492 $27,021
2004 $14,893 $17,543 $20,492 $27,021
2005 $14,405 $17,543 $20,492 $27,021
2006 $13,953 $17,543 $20,492 $27,021
2007 $15,412 $17,543 $20,492 $27,021
2008 $16,618 $17,543 $20,492 $27,021
2009 $18,458 $17,543 $20,492 $27,021
2010 $18,158 $17,543 $20,492 $27,021
2011 $17,603 $17,543 $20,492 $27,021
2012 $17,238 $17,543 $20,492 $27,021
2013 $16,987 $17,543 $20,492 $27,021
2014 $16,704 $17,543 $20,492 $27,021
2015 $16,675 $17,543 $20,492 $27,021
2016 $16,463 $17,543 $20,492 $27,021
2017 $16,116 $17,543 $20,492 $27,021
2018 $15,733 $17,543 $20,492 $27,021
2019 $15,452 $17,543 $20,492 $27,021
2020 $15,262 $15,262 $17,543 $20,492 $27,021
2021 $19,760 $17,543 $20,492 $27,021
2022 $22,464 $17,543 $20,492 $27,021
2023 $24,988 $17,543 $20,492 $27,021
2024 $27,371 $17,543 $20,492 $27,021
2025 $28,677 $17,543 $20,492 $27,021

Sources: Authors' calculations of federal minimum wage values (adjusted for inflation using the CPI-U-RS and inflation projections from the Congressional Budget Office 2020), and 2019 weighted average poverty thresholds from U.S. Census Bureau 2020, adjusted to 2021 dollars.

View the underlying data on epi.org.