+Cost of living reflects the monetary expense required to maintain a basic standard of [Life](/wiki/life) in a given place. It encompasses essential outlays like housing, food, and transport, profoundly impacting [Affordability](/wiki/affordability) and economic well-being.
+## See also
+- [Inflation](/wiki/inflation)
+- [Wages](/wiki/wages)
+- [Economy](/wiki/economy)
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