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.

While Canadians voted for a robust response to Trump, they also sent "a clear message that their cost of living must come down and their communities need to be safe", Carney said.

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"Right now with the cost of living it might not be something everybody can afford," she said.

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The rising cost of living in Singapore - which consistently ranks as one of the most expensive places in the world to live in - has been one of the biggest concerns for young people.

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Such policies are raising the cost of living and sinking the value of retirement savings, threatening Social Security and the deportation of citizens and others without due process, she said.

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“While California enjoys a high GDP, it dissipates the effective purchasing power through high and increasing costs of living,” the California Center for Jobs and the Economy observed after the latest announcement.

From

costo-cost-of-living adjustment

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