What is a good day rate for a contractor?

Determining a good day rate for a contractor can vary significantly based on factors such as industry, experience, and location. According to recent data, the average day rates for IT contractors show a diverse range. Approximately 40.1% of contractors charge between £250 and £499 per day, while 34.5% command rates between £500 and £749. A smaller segment, about 7.5%, charges between £750 and £999, and only 1.9% of contractors exceed £1000 per day. This distribution indicates that while there are high earners in the contracting field, the majority of contractors fall within the more moderate pricing brackets. Therefore, a good day rate for a contractor typically falls between £250 and £749, depending on their specific skills and the demand for those skills in the market.