Back to glossary

Global term

Market rate

The prevailing salary or day rate that a qualified person can command for a given role, skill set and location at a given point in time.

Market rate is not a single number — it is a distribution. For any given role and city you will find a range from the 25th percentile (often people earlier in their career or in less competitive submarkets) to the 90th percentile (highly experienced specialists in high-demand areas). Knowing where you sit in that distribution is the first step to negotiating a raise, pricing a freelance proposal, or deciding whether to change roles. Hustle Report benchmarks your role and location weekly using live job posting data so your salary gap figure is always current rather than based on surveys from two years ago.

Put this knowledge to work.

Hustle Report sends you a personal weekly plan with side hustles, salary benchmarks and savings tailored to your CV.

Get the report