Affordability
Definition, Meaning & Examples
Part of speech noun
Quick meaning: Affordability is a noun meaning The extent or degree to which something is affordable, as measured by its cost relative to the amount that the purchaser is able to pay.
Meaning
The extent or degree to which something is affordable, as measured by its cost relative to the amount that the purchaser is able to pay.
More Meanings
- A desirable degree of that characteristic: synonym of inexpensiveness.
Example Sentences
Fares would have to increase significantly beyond affordability to cover the costs of lightly used services.
First-time home buyers are feeling the squeeze of higher interest rates with mortgage affordability at its worst level for 16 years.
Trump has said that undocumented immigrants share the blame for America’s once-in-a-generation home affordability crisis, but the president-elect’s deportation plans may backfire, driving up the cost of homebuying even further.
Related Words
Related dictionary entries include price, economy, cost, profitability, access, availability.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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