affordability
being within financial reach
how easy something is to pay for because its price is not too high
the affordability of [something]; [something]'s affordability
- The phone's main selling point is its affordability.
- We chose the smaller apartment because affordability mattered more than space.
- The company is trying to balance quality with affordability.
- Affordability is important for students.
- The restaurant is popular because of its affordability.
people's ability to pay
how possible it is for people to pay for something they need, such as housing, healthcare, or education
affordability for [people]; [sector] affordability; affordability in [place]
- Affordability has become a central issue in the election as rents keep rising.
- The report compares healthcare affordability across different regions.
- Subsidies were introduced to improve affordability for low-income households.
- Housing affordability is a big problem in many cities.
- The program helps with affordability for families.
- Base: affordability
- Plural: affordabilities
affordability calculator
1tool estimating affordable cost
an online tool that estimates what you can afford
- Use the mortgage affordability calculator to estimate your monthly payment.
- The website's affordability calculator asks for your income, debts, and deposit.
- An affordability calculator can help buyers set a realistic budget before they start viewing homes.
affordability check
1assessment of ability to pay
a check to see if someone has enough money to make payments
- The lender will run an affordability check before approving the loan.
- Tenants may need to pass an affordability check before signing the lease.
- The company tightened its affordability checks after customers fell behind on payments.
affordability crisis
1widespread inability to afford costs
a situation where prices are so high that many people cannot pay for the things they need
- Many young workers say the city is facing an affordability crisis.
- The affordability crisis has forced families to move farther from their jobs.
- Rising food and energy prices have deepened the affordability crisis.
affordability gap
1difference between cost and budget
the gap between what something costs and what people can pay
- The affordability gap between local wages and home prices keeps growing.
- Grants can help close the affordability gap for first-time buyers.
- The study found a large affordability gap in childcare costs for low-income families.
affordability index
1measure of cost burden
a number or score used to show how affordable something is
- The affordability index fell, showing that homes became harder to buy.
- Analysts use an affordability index to compare housing markets.
- A higher affordability index can mean that average households have more room in their budgets.
housing affordability
1affordability of housing
how easy or difficult it is for people to pay for a place to live
- Housing affordability has worsened as rents and mortgage rates have risen.
- The city plans to build more homes to improve housing affordability.
- Young families often leave the area because of poor housing affordability.