A new year on Monday will bring a slight increase in New Jersey's minimum wage.

The rate will climb 16 cents to $8.60 an hour. That hike will bump up annual wages for the state's estimated 300,000 minimum wage workers by about $469 apiece, according to New Jersey Policy Perspective, a liberal policy group.

A full-time minimum wage earner makes less than $18,000 a year, less than half of the estimated $37,974 advocacy groups say a single person needs to cover basic expenses in New Jersey.

Annual increases are determined by adjustments in the consumer price index after the state's voters approved a constitutional amendment in 2013.

The minimum wage rose from $8.38 in 2016 to $8.44 in 2017.

Last year, Democrats who control the Legislature pushed through a $15 an hour bill that was ultimately vetoed by Gov. Chris Christie.

Gov.-elect Phil Murphy, a Democrat, has said he is in favor of gradually hiking the minimum wage until it reaches $15.

New Jersey is one of 18 states where the minimum wage will increase on Jan. 1.

In most of New York state the minimum will increase to $10.40 an hour from $9.70. New York City's minimum wage increases to $13 an hour for businesses with at least 11 employees, according to NRN.com. Pennsylvania's minimum wage remains $7.25 an hour -- the same as the federal amount.

The amount of the increase in New Jersey was announced by the Department of Labor and Workforce Development in late September.

Jeff Goldman may be reached at jeff_goldman@njadvancemedia.com. Follow him on Twitter @JeffSGoldman. Find NJ.com on Facebook.