Depends where you live, apparently that is normal if you are out in the sticks. I was 22 and contracting as a c# developer @ £40/hour in 2004/5. That grew over time so that i had 2 month holiday and still made 80k for the year.

I did have a dud job though with oracle where it was almost impossible to earn anymore. Left Oracle as I didnt believe in the technology. Now on 100k a year, no degree and foreign. Plus I recieve a bonus on top of that.