LCOL
Business & Finance abbreviation · Personal Finance
| Stands for | Low cost of living |
|---|---|
| Categories | Business & Finance |
LCOL stands for Low cost of living, a personal finance abbreviation.
Label for towns and regions where housing, groceries and services are well below the national average, often used when comparing job offers or planning remote work and early retirement.
Example: We moved to an LCOL area in Ohio and cut our housing costs in half.
Usage notes
Part of the informal LCOL, MCOL, HCOL and VHCOL scale used on personal finance forums. Remote workers who keep a big-city salary while living in a cheaper area are said to practice "geographic arbitrage."
Related abbreviations
More personal finance abbreviations
- HYSA – High-yield savings account
- IBR – Income-Based Repayment
- IDR – Income-driven repayment
- IRA – Individual retirement account
- ISA – Individual Savings Account
- IVA – Individual voluntary arrangement
- LISA – Lifetime ISA
- LPFSA – Limited-purpose flexible spending account
- MMA – Money market account
- NPS – National Pension System
- NUA – Net unrealized appreciation
- P2P – Peer-to-peer payments