What Is Cost of Living?
The total monthly amount needed to maintain a given lifestyle in a location.
Definition
Cost of living refers to the amount of money needed to cover essential and personal expenses in a particular city or country. It includes rent, utilities, food, transport, healthcare, insurance and personal spending. Cost of living varies significantly across European cities and countries.
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Gross Salary
Your salary before taxes and deductions are removed.
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Your salary after all taxes and deductions are removed — the amount you actually receive.
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A tax paid on earned income, deducted from your salary or paid on profit.
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Compulsory contributions paid by employees and employers to fund public welfare programmes.
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