Burlington, VT, Jan 03, 2012 — Vermonters earning minimum wage had reason to celebrate this New Year's Day. The state's minimum wage is indexed to the cost of living. And that pushed Vermont's minimum up 31 cents yesterday, from $8.15 an hour to $8.46. It was one of 8 states to raise its minimum wage on Jan. 1, and now has the third highest minimum in the country. Minimum wage in New York State is the same as the federal rate, $7.25 an hour.