the going rate (for something)

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the going rate (for something)

The typical cost of something. What's the going rate for a new heating system? Ours is on the fritz. A: "$200 seems pretty steep for such a small repair!" B: "That's the going rate, I'm afraid."
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going rate

the current rate or the current charges for something. The going interest rate for your account is 10 percent. Our babysitter charges us the going rate.
See also: going, rate

the ˌgoing ˈrate (for something)

the usual amount of money paid for goods or services at a particular time: They pay slightly more than the going rate for freelance work.
See also: going, rate
References in periodicals archive ?
THE going rate for pay rises is "firmly stuck" at 2 per cent, although public sector workers are receiving less, a new study has shown.
Sheila Attwood, of XpertHR, said: "The going rate for pay awards across the economy is firmly stuck at 2 per cent.
The going rate for pay rises is "firmly stuck" at 2%, although public sector workers are receiving less, a new study has shown.
Surely the going rate for a top goalie is the going rate, no matter who you're dealing with?
They initially got the club for nothing and since Ray Ransom left have declined to pay the going rate for anything.