Definition of «affordability»

Affordability refers to the ability or capacity of an individual, household or business to pay for a good or service. In other words, it is the extent to which something can be purchased, owned or used by a particular person or group based on their income, assets and expenses. Affordability is often used as a measure of accessibility and is frequently applied in relation to housing, healthcare, education and consumer products.

Usage examples

  1. Affordability of housing: The government implemented various schemes to improve the affordability of housing for low-income families.
  2. Affordability of healthcare: The rising costs of healthcare have led to concerns about the affordability of medical services for underserved communities.
  3. Affordability of education: Increasing tuition fees have raised concerns about the affordability of higher education for students from low-income backgrounds.
  4. Affordability of renewable energy: The declining costs of solar panels and wind turbines have improved the affordability of renewable energy sources for consumers.
  5. Affordability of transportation: The introduction of affordable public transportation options has improved the accessibility and affordability of commuting for many residents.
  6. Affordability of consumer goods: The availability of discounts and promotions has enhanced the affordability of various consumer goods in the market.
  7. Affordability of food: The rising cost of groceries has led to discussions on improving the affordability of healthy and nutritious food options for low-income individuals.
  8. Affordability of internet services: Increasing connectivity and competition have contributed to the affordability of internet services, making it more accessible to a larger population.
  9. Affordability of insurance: The affordability of insurance policies has become a vital consideration for individuals seeking adequate coverage for their health, home, or vehicle.
  10. Affordability of childcare: The high costs associated with childcare services have led to discussions on improving the affordability and availability of quality early childhood education.

Sentences with «affordability»

  • The housing recovery is being supported by an historically high level of affordability of houses which, in turn, reflects the low level of nominal interest rates. (rba.gov.au)
  • We primarily focus on what a single teacher can afford, but we do briefly consider how the calculation of housing affordability changes for two - income earners. (nctq.org)
  • After posting a big jump last week, 30 - year mortgage rates were back below the 4 percent mark this week, offering another boost in home affordability for buyers. (nar.realtor)
  • (see all sentences)
a b c d e f g h i j k l m n o p q r s t u v w x y z