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English definition of “cost of living”

cost of living

noun [U] /ˈkɔst əv ˈlɪv·ɪŋ, ˈkɑst/
the amount of money that a person needs to buy food, housing, and other basic things: The cost of living is lower in the Midwest.
(Definition of cost of living from the Cambridge Academic Content Dictionary © Cambridge University Press)
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