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affordability

Meaning in simple English, pronunciation and examples

Pronunciation: US /əˌfɔːrdəˈbɪləti/ · UK /əˌfɔːdəˈbɪləti/

affordability means: How easily people can pay for something, compared with the money they have.

noun

ABILITY TO PAYB2

How easily people can pay for something, compared with the money they have.

  • Housing affordability depends on local wages.
  • The bank checked affordability before offering the loan.
  • Rising rents have reduced affordability for young families.

How to use it: affordability of something (We assessed the affordability of the new homes.)

Common phrases: housing affordability, assess affordability, affordability of something

LOW COSTB2

The quality of having a price that people can easily pay.

  • Customers like its affordability.
  • The hotel combines comfort with affordability.
  • Affordability made this phone popular with students.

Similar words: inexpensiveness, cheapness

Opposites: expensiveness

Common phrases: great affordability, affordability and quality, known for affordability

Questions about affordability

What does affordability mean?

How easily people can pay for something, compared with the money they have.

What is affordability in other languages?

Türkçe: ödenebilirlik · Español: asequibilidad · Français: accessibilité financière · Deutsch: Bezahlbarkeit · Italiano: accessibilità economica · 日本語: 購入しやすさ

How do you pronounce affordability?

In American English /əˌfɔːrdəˈbɪləti/; in British English /əˌfɔːdəˈbɪləti/.

How do you use affordability in a sentence?

Housing affordability depends on local wages. The bank checked affordability before offering the loan.

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affordability in other languages

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