cost of living

  

Definition

Price of goods and services required for maintaining an average level standard of living. Cost of living varies from place to place, and from time to time.

Use cost of living in a sentence

  • It is crucial to find out what your cost of living will be when moving into a new area, as you will need adequate funding.

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  • You should always factor in the cost of living any time you are thinking about moving somewhere new for the first itme.

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  • Minimum wage workers in the State of Missouri do not earn enough to meet the current cost of living without getting welfare from the state.

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