cost-living

cost of living

noun
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.

Origin:
1895–1900

cost-of-living, adjective
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World English Dictionary
cost of living
 
n
1.  a.  the basic cost of the food, clothing, shelter, and fuel necessary to maintain life, esp at a standard regarded as basic or minimal
 b.  (as modifier): the cost-of-living index
2.  the average expenditure of a person or family in a given period

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American Heritage
Cultural Dictionary

cost of living definition


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

Note: 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.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
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