affordability

American  

[uh-fawrd-uh-bil-i-tee] / əˌfɔrd əˈbɪl ɪ ti /

noun

1. the quality of being affordable.

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Explanation

Affordability is a quality of being inexpensive. Because of the affordability of the apples at the orchard, we went ahead and bought a whole bushel. The adjective affordability describes things you can afford to pay for because they don't cost too much. People move to certain neighborhoods because of the affordability of housing there, and others decide the affordability of community college makes it a great place to get an education. Sometimes this word is used to mean "cost or price," so someone might say, "The affordability of healthcare these days is just terrible!"

Example Sentences

The measure’s reforms “will take time to meaningfully affect housing affordability and will not resolve voter frustration in that area,” they said.

From MarketWatch • Jun. 22, 2026

He adds: "The energy transition must be completely recalculated. It should not be a matter of cost, but rather a matter of realistically considering security of supply and affordability."

From BBC • Jun. 21, 2026

In a city still struggling with affordability, homelessness, sprawl, and social fragmentation, his work and his spirit are reminders to be more generous.

From Los Angeles Times • Jun. 18, 2026

On Monday, data from The National Association of Home Builders’ showed builder sentiment declined as affordability pressures from elevated mortgage rates and building materials persisted.

From The Wall Street Journal • Jun. 16, 2026

When he finished speaking, much of the talk in the room turned to affordability.

From "Mountains Beyond Mountains" by Tracy Kidder and Michael French