Meaning of the word "in the neighbourhood of" in English

What does "in the neighbourhood of" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

in the neighbourhood of

US /ɪn ðə ˈneɪ.bər.hʊd ʌv/
UK /ɪn ðə ˈneɪ.bər.hʊd ɒv/

Idiom

1.

approximately; about

Example:
The cost will be in the neighborhood of $500.
He earns in the neighborhood of $100,000 a year.
2.

near to a particular place

Example:
There's a good restaurant in the neighborhood of the hotel.
We're looking for a house in the neighborhood of the school.
Related Word: