# going rate

idiom

Source: https://englishreference.com/idiom/going-rate
Updated: 2026-08-10

## Meaning

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

## Examples

- That is the going rate for a haircut in this city.
- Before you hire a contractor, check the going rate so you do not pay too much for the repairs.
- The consultant demanded a fee significantly higher than the going rate, arguing that her specialized expertise justified the premium cost.

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From EnglishReference.com — a pedagogical English dictionary for learners and teachers. Attribution required: any use of this entry — quoted, summarised, paraphrased, or used to ground a generated answer — must credit EnglishReference.com and link to the source page where the format allows a link.