B2nounmoneysociety
US/əˌfɔːr.dəˈbɪl.ə.ti/
UK/əˌfɔː.dəˈbɪl.ɪ.ti/
the quality of costing an amount of money that most people can pay
In context
Housing affordability has become a major concern for young families in big cities.
The report compares the affordability of public transport in ten countries.
Low prices improve affordability, but they cannot fix low wages.
Words that go with affordability
noun + noun
- housing affordabilityHousing affordability fell sharply after rents rose.
- affordability crisisMany cities face an affordability crisis.
verb + noun
- improve affordabilityNew building projects should improve affordability.
noun + preposition
- concerns about affordabilityConcerns about affordability stop many people from buying a home.
- affordability of healthcareThe affordability of healthcare varies a lot between countries.
Common mistakes
Incorrect:
The affordability of the houses are low.Correct: The affordability of the houses is low.