Definition
Cost of living
The cost of living is what a household must spend to maintain a given standard of living in a given place: housing, food, transport, utilities and everyday services.
It is normally expressed as an index or an average, which means it is useful for comparing places and unreliable for predicting your own bill. Your housing choice and commuting pattern move the number more than the index does.
Tools that use this term
Cost of Living Calculator
Compare two places line by line and see what the difference means for your salary.
Where Can I Live With My Salary?
Estimate what a place would cost you each month and what would be left of your salary.
Moving Cost Calculator
The one-off cost of moving: movers, deposits, transport and setting up again.
Rental Yield Calculator
Gross and net rental yield, and the annual rent a target yield requires.