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What does low-cost mean?

Looking for the meaning or definition of the word low-cost? Here's what it means.

Adjective
  1. low in price
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Examples
He is also calling for a new national health exchange that is supposed to somehow offer low-cost, high-quality health care plans.
They take their daughter to a low-cost clinic for the poor that they heard about from a friend.
Your utility company may offer free or low-cost energy audits, or you can conduct your own.
Immediately after the war, he developed a series of small houses using Quonsets as low-cost, readily available starting points for the designs.
One of the great Mediterranean cities can now be reached with low-cost airline Jet2, by passengers flying from Yorkshire.
The North Side home also provides low-cost apartments for the elderly poor.

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