cost of living

  • Noun
  • 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)
    1. The city has one of the highest costs of living in the world.
    2. Every year or so, we get a pay raise to compensate for the rising cost of living.
    3. The cost of living is much higher in that area.

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