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cost of living

The definition of the cost of living is the average cost of all basic necessities including food, housing, utilities, transportation, clothing and health care expenses.

(noun)

An example of the cost of living is the amount of money it would cost to have a minimum standard of living in a particular city.

See cost of living in Webster's New World College Dictionary

the average cost of the necessities of life, such as food, shelter, clothes and medical expenses

See cost of living in American Heritage Dictionary 4

noun

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

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