What does "going rate" mean?

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

What is a synonym for "going rate"?

Common synonyms include: actual market price, mercado, rental rate.

noun, slang

noun, slang ·Uncommon ·College level

Noun

1
The current standard or usual price, rate, or salary for something. idiomatic, informal
"He did a terrible job, and then charged more than twice the going rate for it!"

"He did a terrible job, and then charged more than twice the going rate for it!"