average market rate

USAGE SUMMARY

The phrase "average market rate" is correct and usable in written English.
It can be used when discussing the typical price or value of goods or services in a specific market. Example: "The average market rate for rental properties in this area has increased over the past year."

✓ Grammatically correct

News & Media

Wiki

Science

Human-verified examples from authoritative sources

Exact Expressions

8 human-written examples

And, the salary costs for pilot is some 40% higher than the average market rate of UK pilots.

The Guardian - Opinion

The market has not settled in yet, but prices for recreational marijuana, currently around $250-$250-$300an ounce of good weed, will be significantly higher than the medical stuff, thanks to hefty taxes: a 15% excise tax levied on "average market rate" and a special 10% sales tax (the state's general 2.9% sales tax will also apply).

The Economist

Plus, there is a 15% excise tax on the average market rate of retail marijuana.

Forbes

The average market rate per pound of flower in Colorado's adult-use market has dropped roughly 37% in the last two years.

Forbes

That tax is assessed on the first sale or transfer of marijuana from a retail marijuana cultivation facility and is calculated by taking the average market rate per pound and multiplying it by the weight of the flower times the tax rate.

Forbes

So, it is not surprising that the average market rate was what the government received for these contracts.

Huffington Post

Human-verified similar examples from authoritative sources

Similar Expressions

52 human-written examples

She added: "The majority of the new interest rates on offer are either at or above average market rates.

The Guardian - Money

And, he added, Trizec's office properties are currently almost fully booked -- at rents about 27percentt below average market rates.

The New York Times

That is the full measure of this". But the Obama campaign found itself on the defensive after the Wall Street Journal reported Saturday that the former Fannie Mae chief had received millions of dollars in home loans -- some of which may have been below average market rates -- from Countrywide Financial, a partner of Fannie Mae and a leading purveyor of subprime mortgages.

The Washington Post

An "upper limit" on rises will be put in place based on average market rates.

BBC

Or they could be private tenants claiming Local Housing Allowance (LHA) based on the local average market rates, rising as high as £2,000 a week for a five-bedroom house.

BBC

Expert writing Tips

Best practice

When using the phrase "average market rate", specify the market and timeframe to provide context. For example, "average market rate for apartments in Manhattan in 2023".

Common error

Don't assume the "average market rate" is a fixed or guaranteed price. It's a benchmark, and actual prices may vary based on specific circumstances and negotiation.

Linguistic Context

The phrase "average market rate" functions as a noun phrase, often serving as an adjective modifying another noun (e.g., "average market rate increase"). It identifies a benchmark or standard for prices or costs, as Ludwig AI confirms with its examples.

Expression frequency: Uncommon

Frequent in

News & Media

45%

Formal & Business

30%

Wiki

15%

Less common in

Science

10%

Reference

0%

Social Media

0%

Ludwig's WRAP-UP

The phrase "average market rate" is a noun phrase used to denote a typical price or cost within a particular market. As Ludwig AI indicates, the phrase is grammatically correct and appears most frequently in news and business contexts. When using this phrase, it's crucial to specify the market and timeframe for clarity. While "average market rate" serves as a helpful benchmark, users should avoid treating it as a fixed price due to market variations.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

prevailing market rate

Emphasizes the current rate commonly found in the market.

standard market price

Replaces "rate" with "price", focusing on the cost of goods or services.

typical market value

Uses "value" instead of "rate", highlighting the worth of an item or service.

going market price

Highlights the currently accepted price in the market.

market benchmark rate

Positions the rate as a reference point or standard for comparison.

market equilibrium price

Focuses on the price where supply and demand are balanced in the market.

common market rate

Emphasizes the widespread presence of this rate.

usual market price

Replaces "average" with "usual", suggesting a typical price range.

current market price

Highlights the present price, instead of the average.

median market rate

Focuses on the middle value, rather than the average.

FAQs

How can I use "average market rate" in a sentence?

You can use "average market rate" to compare prices, negotiate salaries, or analyze market trends. For example, "The company offers salaries competitive with the "average market rate" in the industry."

What's a good alternative to "average market rate"?

Depending on the context, you could use phrases like "prevailing market rate", "standard market price", or "typical market value".

How is the "average market rate" calculated?

The "average market rate" is typically calculated by collecting data on recent transactions or listings within a specific market and determining the mean value. The method can vary depending on the specific data source.

What factors influence the "average market rate"?

Several factors can influence the "average market rate", including supply and demand, economic conditions, competition, and seasonal trends.