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Definition of the cost of living noun from the Oxford Advanced Learner's Dictionary

the cost of living

noun
 
/ðə ˌkɒst əv ˈlɪvɪŋ/
 
/ðə ˌkɔːst əv ˈlɪvɪŋ/
[singular]
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  1. the amount of money that people need to pay for food, clothing and somewhere to live
    • a steady rise in the cost of living
    • Despite the high cost of living, London is a great place to live.
    • The cost of living has risen sharply.
    • Inflation is pushing up the cost of living beyond our reach.
See the cost of living in the Oxford Advanced American Dictionary
trait
noun
 
 
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