going rate

noun
UK /ˈɡəʊɪŋ reɪt/
US /ˈɡoʊɪŋ reɪt/

The usual amount of money people pay for something right now.

The going rate for a haircut in this town is about twenty dollars.


OTHER MEANINGS

2. The normal speed at which something happens or is done.

At the going rate, we'll finish the project by Friday.

3. The typical amount paid for a particular job or service.

She asked what the going rate was for babysitting on weekends.

4. The common or accepted level of something at a certain time.

The going rate for rent has gone up since last year.