WordReference Random House Learner's Dictionary of American English © 2020
ˈstand•ard of ˈliv•ing, n. [countable;  usually singular]
  • the level of comfort or wealth maintained by an individual or by the people of a certain community, group, nation, etc.:a high standard of living.

  • WordReference Random House Unabridged Dictionary of American English © 2020
    standard of living, 
  • Businessa grade or level of subsistence and comfort in everyday life enjoyed by a community, class, or individual:The well-educated generally have a high standard of living.
  • Also called  living standard. 
    • 1900–05

    Collins Concise English Dictionary © HarperCollins Publishers::
    standard of living n
    1. a level of subsistence or material welfare of a community, class, or person
    'standard of living' also found in these entries:
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