A-Z Popular Blog Top Search »
Business Strategy
 Advertisements
Competitive Advantage

44 Examples of Cost Of Living

 , updated on July 12, 2023
Cost of living are the expenditures require to maintain a defined lifestyle and quality of life. This is typically used to model cost differences by country or city for the purposes of salary negotiation or adjustments. Cost of living can also be used to model the affect of inflation on living costs. Such calculations can be used to determine baseline salary increases over time. The following are examples of things that can be considered in cost of living.
Childcare
Clothing and shoes
Dental care
Dining out
Education
Elderly care
Entertainment
Food
Gifts
Gym membership
Haircuts and beauty services
Health insurance
Healthcare
Hobbies and activities
Home decor
Home furnishings
Home maintenance
Household supplies
Insurance
Internet
Laundry
Lawn care
Mandatory fees and contributions such as pension dues
Medication
Membership fees
Mobile services
Mortgage
Parking fees
Personal care products and services
Pet expenses
Phone bills
Property maintenance
Rent
Repairs
School fees
School supplies
Sports and recreation
Taxes
Technology devices and services
Toiletries
Transportation
Travel
Utilities
Vision care
It is common for cost of living to be estimated using a basket of goods that represent a range of needs associated with a particular lifestyle. For example, the term is often applied to the cost of replicating an American or European lifestyle in a foreign city. As such, estimates of cost of living vary widely as they are typically culture centric.
Overview: Cost Of Living
Type
Human Resource Management
Definition
The cost of maintaining a particular lifestyle by city.
Examples
An employee uses cost of living statistics in salary negotiations when considering a position in a more expensive city than her current location.
A company gives employees a cost of living allowance when relocating them overseas to compensate for extra costs.
Related Concepts
Next: Personal Expenses

Cost Of Living

This is the complete list of articles we have written about cost of living.
Business Costs
Closing Costs
Cost Of Living
Discretionary Expenses
Household Expenses
Inflation
Personal Expenses
If you enjoyed this page, please consider bookmarking Simplicable.
 

Business Costs

A list of common types of business cost.

Matching Principle

A principle of financial accounting.

Business Costs

A list of common types of business cost.

Cost Escalation

A definition of cost escalation with an example.

Cost Reduction Examples

Common examples of cost reduction.

Cost Estimates

The common types of cost estimate.

Relevant Cost

A definition of relevant cost with examples.

Cost Structure

Detailed examples of how to map out the cost structure of a business.

Cost Competition

The definition of cost competition with examples.

Cost Goals

An overview of cost goals with examples.

Business Risks

A list of common business risks.

Risk Treatment

The five things that can be done about risk.

Risk Mitigation

A list of techniques for reducing risk.

Positive Risk

The potential that you'll achieve too much of a good thing.

Dread Risk

Any risk that people have a strong aversion too.

Risk vs Opportunity

The surprising similarities between risk and opportunity.

Risk Management vs Contingency Planning

The difference between risk management and contingency planning.

Uncertainty

The common types of uncertainty in decision making and strategy.

Inventory Risk

The common types of inventory risk.

Business Risk Management

An overview of common business risk management techniques.
The most popular articles on Simplicable in the past day.

New Articles

Recent posts or updates on Simplicable.
Site Map