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 �y��vlog Forms

��ǲ��-�Ǵ�-��i�Բ� adjective

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�y��vlog 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 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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Jock Scott, from Nuneaton, asks Business reporter Nick Edser if the US tariffs have an effect on the UK's cost of living.

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He acknowledged people were "still struggling with the cost of living" but said the government was "turning things around".

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Sir Keir told his cabinet this week he was "keeping all options on the table" to respond to the tariffs, which economists have warned could damage the UK economy and increase the cost of living.

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