cost of living

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Cost of Living

The amount one must pay to maintain one's standard of living. That is, the cost of living measures how much one must spend to finance one's lifestyle. Cost of living varies by area; it may be lower in a small city, for example, than in a large city. Changes to the cost of living are related to, but are distinct from, underlying inflation. For example, gasoline prices may rise faster than inflation, which may increase the cost of living more than inflation itself does.

cost of living

the general level of prices of goods and services measured in terms of a PRICE INDEX. To protect people's living standards from being eroded by price increases (INFLATION), wage contracts and old-age pensions, etc., sometimes contain cost-of-living adjustment provisions that automatically operate to increase wages, pensions, etc., in proportion to price increases. See INDEXATION.
References in periodicals archive ?
8220;Adjusting the living cost amount to align with the CPI supports the government's objective of ensuring that Student visa applicants are financially prepared to live and study in Australia for the duration of their visa,” DIAC, said in a statement.
For many parents, the big question is how to finance such a cost at a time when they need to take into account not just tuition fees but very significant living costs too.
Students living away from home can apply for living cost loans, these go up to pounds 5,500 a year (pounds 7,675 a year if you're at a London university and living away from your parents' home) Additional financial support may also be available for students with disabilities, children or adult dependants.
The academy says with more than 36 hours a week in course time, students find it difficult to undertake regular part-time work to contribute to their living costs without detriment to training or health.
More than half (55 per cent) admitted to helping their adult children with general living costs, according to the study by an insurance group.
culture and acclimated and perhaps more skilled in the language, they can move out and take advantage of lower living costs and opportunities that are growing elsewhere.
Left behind: a comparison of living costs and employment and assistance rates in BC.
What's more it's a great place to visit and live - with historical towns packed with character, low living costs, scorching summer, temperatures, busy beach resorts plus great skiing.
Other great attractions are low business and living costs, which position this Central American nation for rapid growth with CAFTA.
But the problem is that Medicaid does not cover assisted living costs.
shtml) confirms what educators and parents of college-age children already know: Middle- and lower-income families have had to allocate an ever-larger portion of their income to college tuition and living costs.
The rule, introduced in 1995 when the Harris PCs were first elected, stipulated that single parents would lose their welfare benefits if a 'partner,' who either provided financial support or split income and living costs, moved in with them.