English-English Dictionary

Meaning of the word "going rate" in English

What does "going rate" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

going rate

US /ˈɡoʊ.ɪŋ reɪt/
UK /ˈɡəʊ.ɪŋ reɪt/
"going rate" picture

Noun

the usual or current price or wage for something

Example:
•
What's the going rate for a babysitter in this area?
•
They offered me a salary below the going rate.
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Related Word:
rating rate ratings go go in go on go by