The Cost of Living is a term used to describe the amount of money needed to maintain a certain standard of living. It includes expenses such as RENT, food, transportation, and other necessities. RENT is a four-letter word for the amount of money paid for the use of a property or dwelling. UPKEEP is a six-letter word for the maintenance and repair of a property or dwelling. Together, RENT and UPKEEP are two of the most important components of the Cost of Living.