an average price of

USAGE SUMMARY

The phrase "an average price of" is correct and usable in written English.
It can be used when discussing the typical cost of an item or service within a specific context or dataset. Example: "The report indicated an average price of $50 for the new smartphone model across various retailers."

✓ Grammatically correct

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

56 human-written examples

Two people are bidding at an average price of $375.

The New York Times

In August, he started selling outright, unloading 453,260 shares for an average price of $43.87.

The New York Times

He owned 14,500 shares, bought at an average price of $19.03.

The New York Times

This year, it invested $344 million, buying stock at an average price of $98.33 a share.

The New York Times

The 89 that were sold fetched an average price of $710,247.

The New York Times - Sports

Prices ranged from $9 to $42, with an average price of $23 a bottle.

The New York Times - Food

He bought shares in September 1999, and more last February, at an average price of $10.70.

The New York Times

200 of them have been sold, at an average price of $225.

The New Yorker

New York tops the list with an average price of $1.33 per gallon of regular unleaded.

The New York Times

At an average price of $27.50 per carton, Chief Wallace would take in about $520,000.

The New York Times

He received $15.6 million, collecting an average price of $64.80 a share.

The New York Times

Expert writing Tips

Best practice

When using "an average price of", ensure that the context clearly defines the population or sample from which the average is calculated. This provides clarity and avoids ambiguity.

Common error

Avoid presenting an average price without specifying the time period or geographical region. This can lead to inaccurate comparisons and misinterpretations of the data.

Linguistic Context

The phrase "an average price of" functions as a noun phrase modifier. It typically introduces a numerical value that represents the central tendency of a set of prices. As confirmed by Ludwig, this phrase is correct and usable in written English.

Expression frequency: Very common

Frequent in

News & Media

82%

Science

9%

Formal & Business

5%

Less common in

Wiki

2%

Encyclopedias

1%

Reference

1%

Ludwig's WRAP-UP

In summary, "an average price of" is a grammatically sound and very common phrase used to describe the typical cost of something. As Ludwig AI confirms, the phrase is correct and widely used. Predominantly found in news and media, it serves to inform and provide context for economic discussions. When using this phrase, clarity is key: specify the sample from which the average is derived to avoid misinterpretations. Consider alternatives like "the typical price of" or "the mean cost of" for nuanced variations.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

the mean cost of

Replaces "average" with "mean", a statistical term for the same concept.

the typical price for

Substitutes "average" with "typical", emphasizing the most common price.

the going rate for

Uses a more informal expression for the current market price.

the standard price of

Replaces "average" with "standard", suggesting a widely accepted price.

the common price for

Similar to "typical price", highlighting the price that is usually encountered.

the average expenditure on

Focuses on the amount spent on average, rather than the price itself.

the approximate cost of

Indicates an estimated price, rather than an exact average.

the estimated price for

Similar to "approximate cost", suggesting a price that is not precise.

the market price of

Emphasizes the price determined by supply and demand in the market.

the average valuation of

Highlights the assessment of worth or value, presented as an average.

FAQs

How do I use "an average price of" in a sentence?

You can use "an average price of" to describe the typical cost of something. For example, "The average price of gasoline increased this summer".

What can I say instead of "an average price of"?

You can use alternatives like "the typical price of", "the mean cost of", or "the going rate for" depending on the context.

What's the difference between "an average price of" and "an approximate price of"?

"An average price of" represents the calculated mean, while "an approximate price of" is an estimated or rough value. The former is more precise.

Is it better to use "average cost" or "average price"?

Both "average cost" and "average price" are acceptable, but "average price" is generally used when referring to what consumers pay, while "average cost" might refer to the production or manufacturing expenses.