Meaning & Definition of word "Affordable"

Affordable

/əˈfɔːrdəbl/

1. Inexpensive; reasonably priced; within one's financial means.
- Example: The new housing development offers affordable units for first-time buyers.
2. Not causing financial strain; manageable in terms of cost.
- Example: They are looking for affordable healthcare options that won't break the bank.
3. Reasonably priced relative to the average market; accessible to the average consumer.
- Example: The store prides itself on offering affordable fashion that appeals to everyone.
4. Low enough in cost to be easily purchased without significant sacrifice or consequences.
- Example: The restaurant is known for its affordable menu that caters to families.

Early 19th century, from 'afford' + '-able'

affordable housing:

Housing that is affordable for the average person or family.

affordable rates:

Prices that are within reach for most consumers.

economical:

Providing good service or results without waste.

budget:

An estimate of income and expenditure for a set period of time.

Meaning: Cheap but satisfactory.

Example Sentence: This place is great for a meal; it's cheap but still good!

Meaning: Reasonably priced goods or services.

Example Sentence: I found some decent gear that's totally in the budget!