What context can I use each word in?
Learn when and how to use these words with these examples!
cost
Example
The cost of producing this car is too high. [cost: noun]
Example
It will cost us a lot of money to repair the damage. [cost: verb]
price
Example
The price of this shirt is too high. [price: noun]
Example
He priced his car at $10,000. [price: verb]
Good things to know
Which word is more common?
Price is more commonly used than cost in everyday language. Price is a more versatile word that can be used in various contexts, while cost is more specific and is often used in the context of production and manufacturing.
What’s the difference in the tone of formality between cost and price?
Both cost and price can be used in formal and informal contexts, but cost is more commonly used in technical or business settings, while price is more commonly used in everyday language.
