cost of living
1
the amount of money required to maintain basic needs and expenses in a particular place or location
- Cities with a high cost of living often offer higher salaries to compensate.
- The rising cost of living has made it harder for families to save money.
- Students struggle to manage expenses due to the increasing cost of living.
- The cost of living in urban areas is significantly higher than in rural regions.
- Retirees often move to countries with a lower cost of living to stretch their savings.