What does cost of living mean?

Definitions for cost of living
cost of liv·ing

This dictionary definitions page includes all the possible meanings, example usage and translations of the word cost of living.

Princeton's WordNet

  1. cost of livingnoun

    average cost of basic necessities of life (as food and shelter and clothing)

    "a rise in the cost of living reflects the rate of inflation"

Wiktionary

  1. cost of livingnoun

    The average cost of a standard set of basic necessities of life, especially of food, shelter and clothing

Wikipedia

  1. Cost of living

    Cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time can be operationalized in a cost-of-living index. Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas. Differences in cost of living between locations can be measured in terms of purchasing power parity rates.

ChatGPT

  1. cost of living

    Cost of living refers to the amount of money an individual or household needs to maintain a certain standard of living in a particular location. It includes necessary expenses such as housing, food, taxes, healthcare, education, utilities, and transportation. The cost of living is often used to compare how expensive it is to live in one city or country versus another.

Wikidata

  1. Cost of Living

    "Cost of Living" is the name of the 120th episode of Star Trek: The Next Generation. The 20th episode of the fifth season.

Editors Contribution

  1. cost of living

    The amount of money required to sustain a certain and specific standard of living.

    At present the cost of living is specific in each country, as we move forward and have a planetary currency the plan is it is going to be equal and identical in each country.


    Submitted by MaryC on January 22, 2021  

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Numerology

  1. Chaldean Numerology

    The numerical value of cost of living in Chaldean Numerology is: 6

  2. Pythagorean Numerology

    The numerical value of cost of living in Pythagorean Numerology is: 7

Examples of cost of living in a Sentence

  1. Chris Williamson:

    Weaker-than-expected PMI numbers in January underscore the risk of the UK slipping into recession, industrial disputes, staff shortages, export losses, the rising cost of living and higher interest rates all meant the rate of economic decline gathered pace again at the start of the year.

  2. Nigel Adams:

    Clearly there's no cost of living crisis for 'Two Kitchens' Miliband, it's a bit rich lecturing people about poverty from his 2 million pound mansion.

  3. Laurence J. Peter:

    In spite of the cost of living, it's still popular.

  4. Ryan Croft:

    We made a conscious decision to make the company bi-coastal, but eventually we consolidated and made one headquarters in DC. ... San Francisco gets all the headlines, but the high cost of living is spreading down the peninsula and through East Bay.

  5. Jelena Sokolova:

    > LONDON, Jan 31( Reuters) - Europes glittering luxury companies, the regions top stock-market performers in 2023, may see yet more gains driven by a rebound in Chinese spending, but for some the sector is starting to look expensive.The likes of French luxury giant and Louis Vuitton-owner LVMH, and Swiss jewelry company Richemont( CFR.S), have benefited from the resilience of their wealthy customers against the cost-of-living crisis.Since the start of 2023, Chinas decision to allow more normal activity and dismantle its strict COVID-19 restrictions has provided another boost for the sector.An index of European luxury goods retailers(. dMIEU0TA00PUS) has rallied around 18 % so far this year, outperforming the wider pan-European STOXX 600(. STOXX), which is up 6.2 % in the same time frame.But the fact that luxury goods companies are not as cheap as they once were is a concern/point of attention, said Kasper Elmgreen, Head of Equities at Amundi, Europes largest asset manager.They’re much more fairly valued today, there is less that is perhaps undiscovered. The risk is that when something moves to being priced to perfection there is always a higher risk of disappointment.The price-to-earnings ratio of the MSCI Europe luxury index is around 26, while that of the broader STOXX is closer to 13, according to Refinitiv data.Reuters GraphicsEuropean luxury has historically traded at a big premium relative to the broader market, but this has widened even further in recent years. At 23 times 12-month forward earnings, its current premium of 82 % is almost twice as much as the 20-year average, according to Refintiv Datastream.snapshotTHE APPLE OF EUROPES EYELVMH, Europes most valuable company by market capitalisation, has a PE ratio of around 30, while rival Hermes( HRMS.PA) has a valuation of almost 60, according to Refinitiv data. Apple( AAPL.O), the worlds most valuable company, commands a PE ratio of around 23. Jelena Sokolova, senior equity analyst at Morningstar, said that China reopening is the key issue for European luxury stocks this year, and is already at least 50 % priced in.Currently we do n’t see this sector as undervalued anymore... there were some opportunities last year, but they are fairly valued now, or a little too overvalued at the moment.


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"cost of living." Definitions.net. STANDS4 LLC, 2024. Web. 3 Dec. 2024. <https://www.definitions.net/definition/cost+of+living>.

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