The phrase "low cost of living" means that the expenses or money needed to maintain a basic standard of living, such as housing, groceries, and transportation, are relatively cheap or affordable. Full definition
With competitive pay rates higher than the national average, no problem is had financially due to the much lower cost of living in the state. (medicalassistanttips.com)
Now a tech hub the city offers a relatively low cost of living and lots of green space. (moneysense.ca)
The state's low cost of living makes it possible to get by on less. (gobankingrates.com)