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cost of living
01
the amount of money required to maintain basic needs and expenses in a particular place or location
Example
The elderly couple, living on a fixed income, became increasingly impoverished as the cost of living rose.
The cost of living has been steadily rising upward.
Even with the rising cost of living, they are managing to make ends meet with careful budgeting.
The cost of living in this city is relative to one's income.
She has balked at moving to a new city due to the high cost of living.
