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While the cost of a basic website has dropped, the need for more interactivity has helped hold steady the price of a high-end, competitive design. As of 2015, you should expect to pay between $2,250 and $10,000 for a fully functional small business website.
National US median average for designer in print: $45,000. National US median average for designer in web/interactive: $55,000. National US median average for creative/design director: $100,000. Seems like given the above anywhere from $20-30 per hour would be reasonable for an entry-level designer. Another point to note however is the following, taken from the Creative Review discussion in the UK on this (Source: Creative Review - On the money)