COST OF LIVING Definition & Meaning

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cost of living

noun

the average cost of food, clothing, and other necessary or usual goods and services paid by a person, family, etc., or considered as a standard by the members of a group.

cost of living

noun

1. the basic cost of the food, clothing, shelter, and fuel necessary to maintain life, esp at a standard regarded as basic or minimal
2. ( as modifier )
  the cost-of-living index
the average expenditure of a person or family in a given period

cost of living

The average cost of the basic necessities of life, including food, shelter, and clothing.

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Notes

In the United States, the cost of living is monitored in the consumer price index (formerly called the cost-of-living index), published monthly by the federal government.

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Other 51�Թ� Forms

��ǲ��-�Ǵ�-��i�Բ� adjective

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51�Թ� History and Origins

Origin of cost of living¹

First recorded in 1895–1900

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Example Sentences

Examples have not been reviewed.

The illiquidity of their assets, coupled with the rising cost of living — due in part to inflation and high interest rates — is another reason millennials feel less wealthy than they appear on paper.

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"The Slow Cooker Club started off as an idea of how we could further support local families in Sutton with the cost of living, isolation and healthy eating," she said.

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The same poll found that 37% of Americans approve of his handling of the economy, while 30% approve of his strategy to address the cost of living in the US.

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The owners of a popular vegan food outlet say they have been left with no choice but to shutter the business because of the spiralling cost of living.

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It follows warnings that the capital's nightlife has been struggling since the pandemic and Brexit, with rising rents, falling footfall, staff recruitment issues and cost of living pressures.

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