going rate

noun

The current standard or usual price, rate, or salary for something.

“He did a terrible job, and then charged more than twice the going rate for it!”

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Meanings

noungoing rate (plural going rates)

plural going rates

  1. idiomaticinformalThe current standard or usual price, rate, or salary for something.

    He did a terrible job, and then charged more than twice the going rate for it!

Translations

Spanish lo usual, lo típico
  • lo usualTranslations
  • lo típicoTranslations
  • típicaTranslations
Cite this entry
APA

going rate. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/going%20rate

MLA

“going rate.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/going%20rate. Accessed November 3, 2026.

Chicago

WatkinsX Dictionary, s.v. “going rate,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/going%20rate.

Source: going rate on Wiktionary, CC BY-SA 4.0.