affordability

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English[edit]

Etymology[edit]

afford +‎ -ability

Noun[edit]

affordability (uncountable)

  1. 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.
    First-time home buyers are feeling the squeeze of higher interest rates with mortgage affordability at its worst level for 16 years.
    • 2023 March 8, Gareth Dennis, “The Reshaping of things to come...”, in RAIL, number 978, page 47:
      Fares would have to increase significantly beyond affordability to cover the costs of lightly used services.
  2. A desirable degree of that characteristic: synonym of inexpensiveness.

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