What context can I use each word in?
Learn when and how to use these words with these examples!
premium
Example
The premium version of the software includes more features and better support. [premium: adjective]
Example
I paid a premium for the organic produce at the farmer's market. [premium: noun]
Example
The company offers a premium to employees who meet their sales targets. [premium: noun]
price
Example
The price of the new phone is too high for my budget. [price: noun]
Example
What price are you willing to pay for this antique vase? [price: noun]
Example
She paid a high price for her reckless behavior. [price: noun]
Good things to know
Which word is more common?
Price is a more common word than premium in everyday language. Price is used in a wide range of contexts, while premium is more specific and often used in marketing or sales contexts.
What’s the difference in the tone of formality between premium and price?
Premium is generally considered more formal than price, as it is often used in business or marketing contexts. However, both words can be used in formal and informal situations depending on the context.
