Cost Of Living Definition

noun
The average cost of the necessities of life for a particular period of time, including such things as food, shelter, clothes, and medical expenses.
Webster's New World
The cost of basic necessities as defined by an accepted standard.
American Heritage
adjective

Describing an index or an increase in payment etc that is dependent upon the cost of living.

Wiktionary

Other Word Forms of Cost Of Living

Noun

Singular:
cost of living
Plural:
costs of living

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cost of living