It's essentially a calculation of how much money you earned per 1,000 page views. It's determined by a combination of your traffic, CTR (click-through-rate), and CPC (cost-per-click) (cost per click).
(Estimated profits / Number of page views) * 1,000 = Page RPM
With Adsense, the average RPM I've seen is about $5 to $10 for broad areas and up to $100 for highly competitive niches with high CPC.
The typical AdSense RPM varies significantly depending on your niche, website quality, traffic source, and the amount of advertisers on the AdWords platform.
It will normally cost between $2 and $5 on the low end. It can be anything between $5 and $10 on the medium end. On the highest end, that can reach $50 or more.
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