cost of living


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cost of living

n.
1. The average cost of the basic necessities of life, such as food, shelter, and clothing.
2. The cost of basic necessities as defined by an accepted standard.

cost′-of-liv′ing adj.

cost of living

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

cost′ of liv′ing


n.
the average that a person or family pays for such necessary goods and services as food, clothing, and rent.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.cost of living - average cost of basic necessities of life (as food and shelter and clothing); "a rise in the cost of living reflects the rate of inflation"
cost - the total spent for goods or services including money and time and labor
References in classic literature ?
while the cost of living had gone up 100; and that with us, in a shorter time, wages had ad- vanced 40 per cent.
Here she faced the financial and economic problem of keeping house in a society where the cost of living rose faster than the wages of industry.
Abu Dhabi and Dubai are the two most expensive cities in the GCC, according to the 2018 Worldwide Cost of Living report by the Economist Intelligence Unit.
The Cost of Living Concession is paid directly into bank accounts to help with expenses like energy and water bills.
BEIRUT: A new survey showed Beirut ranks as the world's eighth most expensive city in terms of the high cost of living for expatriates.
Over the period from 2010 to 2016, there was an annual increase in the minimum cost of living.
According to the survey released by Ipsos, Central has the highest cost of living at 35 per cent.
Workers in the agricultural sector will receive P475-P465 basic wage and P10 cost of living allowance.
Yet, both have a high cost of living and low wages, particularly for people with college degrees.
A drop in the cost of living index was also noted in IT equipment, liquid fuels for households, footwear, medicines, etc.
Negatives include high cost of living, high crime rate, average well-being for seniors, very high taxes, below average health care, below average weather and average local culture.
According to Numbeos latest mid-year 2015 Cost of Living Index, Dubai ranks at 212 out of the 517 cities that its index ranks, while Abu Dhabi is ranked at 278 and Sharjah stacks up at 280 among the worlds most expensive cities.