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HiFi vs MidFi

I’m a relative noob to the audiophile scene, having just invested in an integrated amp and upscale (for me) speakers.  From time to time, I hear the term “MidFi” for some components.  Is there an objective or just largely accepted definition for this term?  I’d be curious to hear feedback on what constitutes HiFi vs. MidFi across various components.  
bigtex22

Showing 2 responses by zonkler

zonkler
16 posts
 
Mid fi is any system with a lower MSRP than the one the person making the pronouncement owns
zonkler
16 posts
 
I should have appended a /s @mahgister
These are 100% subjective terms. There can be no generally agreed upon definition because for most audiophile types that line is somewhere beneath wherever they are (sonically, financially, or if they think these are related, both).
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