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.
the average expenditure of a person or family in a given period
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.
- Cost-of-living adjustment
[kawst-uh v-liv-ing, kost-] /ˈkɔst əvˈlɪv ɪŋ, ˈkɒst-/ noun 1. .
- Cost-of-living allowance
A wage increase to help workers keep up with inflation.
- Cost-of-living index
noun 1. a former term for consumer price index.
costogenic cos·to·gen·ic (kŏs’tə-jěn’ĭk) adj. Arising from a rib.