The cost of living is how much it takes to pay for everyday needs. The rising cost of living, a cost of living crisis.
It is measured by pricing a basket of ordinary goods and following it over time. The cost of living rises differently for different households, since the poorest spend most on food and heat.
1nouncost of livingHow much it takes to pay for everyday needs.
“The cost of living rose faster than wages for a decade.”
cost of living is a measure.
Practised in Shopping & Money