cost of living

noun phrase

Definition of cost of living

: the cost of purchasing those goods and services which are included in an accepted standard level of consumption

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cost-of-living index

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The first known use of cost of living was in 1796

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cost of living

noun

English Language Learners Definition of cost of living

: 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)

cost of living

cost of liv·ing

Legal Definition of cost of living

: the cost of purchasing those goods and services which are included in an accepted standard level of consumption

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