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cost of living
US
UK
noun
plural costs of living
[count] :the amount of money that is required in a particular area or society to pay for the basic things that people need (such as food, clothing, and housing)
The
city
has
one
of
the
highest
costs
of
living
in
the
world
.
usually singular
Every
year
or
so
,
we
get
a
pay
raise
to
compensate
for
the
rising
cost
of
living
.
The
cost
of
living
is
much
higher
in
that
area
.
US