the going rate (for something)

idiomPart ofrate

the going rate (for something) — idiom

1. The usual price or payment for a service or product at a given time.

1.idiom
Definition

The usual price or payment for a service or product at a given time.

Example

The going rate for a babysitter in this city is $15 per hour.

Diego paid above the going rate for the antique vase.