affordability

Etymology

afford + -ability

noun

1. The extent or degree to which something is affordable, as measured by its cost relative to the amount that the purchaser is able to pay.
   First-time home buyers are feeling the squeeze of higher interest rates with mortgage affordability at its worst level for 16 years.
   Fares would have to increase significantly beyond affordability to cover the costs of lightly used services. March 8 2023, Gareth Dennis, “The Reshaping of things to come...”, in RAIL, number 978, page 47
2. A desirable degree of that characteristic: synonym of inexpensiveness.