cost of living

American  

noun

1. 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.

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cost of living British  

noun

1. 1. the basic cost of the food, clothing, shelter, and fuel necessary to maintain life, esp at a standard regarded as basic or minimal

   2. ( as modifier )

      the cost-of-living index

2. the average expenditure of a person or family in a given period

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cost of living Cultural  

1. The average cost of the basic necessities of life, including food, shelter, and clothing.

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Discover More

In the United States, the cost of living is monitored in the consumer price index (formerly called the cost-of-living index), published monthly by the federal government.

Other Word Forms

Derived Forms

• cost-of-living
  adjective

Etymology

Origin of cost of living

First recorded in 1895–1900

Example Sentences

In her election literature, Guthrie said she wanted to lower the cost of living by introducing cheaper supermarkets, provide more affordable childcare and investing in preventative healthcare and sport.

From BBC • Jun. 8, 2026

"Our cost of living is going up, but not our income," he told AFP.

From Barron's • Jun. 7, 2026

California, the epicenter of the artificial intelligence boom, continues to grow its economy faster than the nation, but more people are losing their jobs and the cost of living remains high.

From Los Angeles Times • Jun. 5, 2026

“The cost of living and the cost of doing business will have likely increased, weighing on activity and investment”, he said.

From The Wall Street Journal • Jun. 5, 2026

“We want you to organize a committee against the high cost of living ...” “The high cost of living?”

From "Black Boy" by Richard Wright