Meaning of “cost of living” in the English Dictionary

british dictionary

"cost of living" in British English

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cost of livingnoun [ S ]

uk /ˌkɒst əv ˈlɪv.ɪŋ/ us /ˌkɑːst əv ˈlɪv.ɪŋ/

the amount of money that a person needs to live:

The increase in interest rates will raise the cost of living.

(Definition of “cost of living” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"cost of living" in American English

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cost of livingnoun [ 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)

"cost of living" in Business English

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cost of livingnoun [ S ]

uk us

ECONOMICS the amount of money that people need to spend in order to buy basic goods or services such as food, clothes, and a place to live:

The rising cost of living in the country has forced many people to take second jobs.
an increase/fall in the cost of living
a high/low cost of living

(Definition of “cost of living” from the Cambridge Business English Dictionary © Cambridge University Press)

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