HCOL

What does HCOL stand for in finance?

High cost of living

Those discussing rent prices, the housing market, and the cost of groceries may use HCOL to stand for high cost of living. HCOL areas are typically major cities, in which rents are high, housing prices are high, and every other cost is (you guessed it) high.

For example, in the US, major cities such as San Francisco, Los Angeles, and New York City are commonly referred to as HCOL areas. Less populated, and therefore less expensive to live in, areas may be referred to as MCOL (medium cost of living) and LCOL (low cost of living).

Example

I can WFH so I'm moving out of SF, to avoid the HCOL
HCOL areas offer perks, but those perks have one big drawback ($$$)
HCOL areas offer perks, but those perks have one big drawback ($$$)

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Updated April 7, 2022

HCOL definition by Slang.net

This page explains what the acronym "HCOL" means. The definition, example, and related terms listed above have been written and compiled by the Slang.net team.

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