I'll go on a tangent to most of the comments I read here. In my opinion it's mostly based on your location. Some would say it shouldn't and I tend to agree, unfortunately it usually is. In the US your rates are (no offence) laughable, and not even taking SV rates into account. For some parts of Europe they would be far too low (e.g. Scandinavia). For some parts of Europe (eastern mostly, e.g. Poland where I work) they would be okay-ish, that's about what I get (senior-ish position) but in a stable situation, not as a contractor. In Belarus or Ukraine I believe this might be quite good money (e.g. Belarus in 2019 I found around $1500 to be the average pay in this industry, as far as I could google this). tl;dr: it depends.