- Cost of Living
- The amount of money needed to sustain a certain level of living, including basic expenses such as housing, food, taxes, and healthcare. Cost of living is often used when comparing how expensive it is to live in one city versus another.
Cost of living can be a significant factor in personal wealth accumulation because a smaller salary can go further in a city where it doesn't cost a lot to get by, while a large salary can seem insufficient in an expensive city. According to Mercer's 2009 Cost of Living Survey, cities with a high cost of living as of 2009 included
, Tokyo , Osaka , Moscow , Geneva Hong Kong, , Zürich and Copenhagen . Other American cities with a high cost of living as of 2009 included Honolulu, Los Angeles, Washington, DC, and San Francisco. New York City
Investment dictionary. Academic. 2012.
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cost of living — cost of living, adj. the average cost of food, clothing, and other necessary or usual goods and services paid by a person, family, etc., or considered as a standard by the members of a group. [1895 1900] * * * Monetary cost of maintaining a… … Universalium
cost of living — ˌcost of ˈliving noun ECONOMICS the cost of living the average amount of money people in a particular place spend on food, clothes, or a place to live: • The cost of living rose by over 2.5% in the first half of this year. * * * cost of living UK … Financial and business terms
cost of living — cost of liv·ing: the cost of purchasing those goods and services which are included in an accepted standard level of consumption Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. cost of living … Law dictionary
cost of living — n the cost of living the amount of money you need to pay for the food, clothes etc you need to live ▪ Average wages have increased in line with the cost of living … Dictionary of contemporary English
cost-of-living — adjective a cost of living allowance Thesaurus: prices and costssynonym types of prices and describing prices and costshyponym Main entry: cost of living … Useful english dictionary
cost of living — n. the average cost of the necessities of life, such as food, shelter, clothes and medical expenses … English World dictionary
Cost of living — For other uses, see The Cost of Living (disambiguation). Cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time are often operationalized in a cost of living index. Cost of living… … Wikipedia
cost of living — noun average cost of basic necessities of life (as food and shelter and clothing) (Freq. 3) a rise in the cost of living reflects the rate of inflation • Hypernyms: ↑cost * * * noun, pl costs of living [count] : the amount of money that is… … Useful english dictionary
cost of living — Synonyms and related words: budget, budget items, burden of expenditure, carrying charge, charges, consumer price index, cost, cost of living allowance, cost of living index, costs, direct costs, disbursals, distributed costs, expense, expense… … Moby Thesaurus
cost of living — N SING The cost of living is the average amount of money that people in a particular place need in order to be able to afford basic food, housing, and clothing. The cost of living has increased dramatically... Companies are moving jobs to towns… … English dictionary