affordability

USAGE SUMMARY

The phrase "affordability" is correct and usable in written English.
It can be used when discussing the cost-effectiveness or financial accessibility of a product, service, or situation. Example: "The affordability of housing in this area has become a significant concern for many families."

✓ Grammatically correct

News & Media

Formal & Business

Science

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

If its tenants were unable to pay rent, or it reduced its rent prices, it said, the number of affordable homes it could build would be drastically reduced, worsening the area's affordability in the long run.

The Guardian

Jan Crosby, the head of housing at KPMG, said: "These figures make for frightening reading and show that housing affordability is no longer just a problem for lower wage earners.

The Guardian - Business

"It's where the equation of quality and affordability works, because it's in those markets you can replicate what the company has done in China".

The Guardian - Tech

"Despite our survey revealing a relatively high degree of confidence among consumers about their ability to stay on top of their debts, [the] affordability of the UK's household debt pile may come under pressure in the coming years.

The Guardian - Money

Buyers can release equity from their home in their UK to help finance a property purchase abroad, although new affordability criteria coming into force on 26 April may make it tougher to convince a lender you can really finance the payments from your income.

The Guardian - Money

Johnson said there was a "massive affordability gap" in the housing market and that he was concerned that ordinary Londoners were struggling to pay rent.

The Guardian

Nicola Sturgeon has been challenged over the affordability of hefty spending pledges after she launched an explicit bid to coax Labour into an anti-Tory alliance at Westminster.

The Guardian

Footnote: The original Watts Grove Depot housing scheme, which is in Bromley-by-Bow, had to be shelved by the mayor on grounds of affordability, resulting in Labour and Conservative councillors voting for an investigation into the deal.

The Guardian

Sharp divisions within the figures exist not only geographically but also between generations – those in their 20s and 30s, realising that they might never have it as good as the generations above them, have markedly different concerns to the majority, mostly to do with the affordability of housing.

The Guardian

Ask anyone why they go to these pubs and they'll mention two things: affordability and reliability.

The Guardian - Lifestyle

Speaking to his colleagues at a Labor caucus meeting on Tuesday, Shorten said housing affordability was "a complex area but one we must continue to look at and work on".

The Guardian

Expert writing Tips

Best practice

When discussing "affordability", clearly define the target audience or income level you are referencing to provide context for what is considered affordable.

Common error

Avoid assuming that something is universally affordable. Always consider diverse income levels and financial situations when discussing "affordability".

Linguistic Context

Affordability functions primarily as a noun, denoting the extent to which something is within one's financial reach. Ludwig AI confirms this usage, showcasing numerous examples in various contexts related to financial planning, housing, and economic policy.

Expression frequency: Very common

Frequent in

News & Media

40%

Formal & Business

30%

Science

20%

Less common in

Encyclopedias

3%

Wiki

3%

Reference

4%

Ludwig's WRAP-UP

The term "affordability" is a common noun that describes the extent to which something is financially accessible. Ludwig AI validates its grammatical correctness and prevalent use across news, business, and academic spheres. When using "affordability", consider the target audience's financial situation and avoid assuming universal "affordability". Related terms include "cost effectiveness" and "financial accessibility". Remember, context is key to conveying the precise meaning of "affordability" in your writing.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

financial accessibility

Highlights the ease with which something can be accessed financially.

cost effectiveness

Focuses on the balance between cost and effectiveness, rather than just the ability to afford something.

manageable cost

Implies that the cost is within acceptable limits or can be handled without difficulty.

economic viability

Emphasizes the financial sustainability and feasibility of something.

value for money

Indicates that something is worth the price paid for it.

price point

Refers to the specific price at which a product or service is offered.

within budget

Indicates that something fits within the allocated financial resources.

reasonable price

Suggests a price that is fair and justifiable.

purchasing power

Refers to the ability of individuals or groups to buy goods and services.

competitive pricing

Highlights that the price is comparable to or lower than that of competitors.

FAQs

How to use "affordability" in a sentence?

You can use "affordability" to discuss whether something is within a certain price range for someone. For example, "The "affordability of housing" is a major concern in the city."

What are some synonyms for "affordability"?

Alternatives to "affordability" include "cost effectiveness", "economic viability", and "financial accessibility" depending on the specific context.

How does "affordability" relate to "accessibility"?

"Affordability" refers specifically to the financial aspect of being able to obtain something, whereas "accessibility" is a broader term that can include physical, digital, or other barriers, in addition to financial ones.

What factors influence the "affordability" of housing?

The "affordability of housing" is influenced by factors such as income levels, mortgage rates, property taxes, and the supply and demand of available housing.