Key Differences.com explains that,
Cost of living implies the general level of prices of the goods and services which a common man can afford, for his regular needs. Standard of living refers to the level of money and well-being, that people enjoy in a particular country. How expensive it is to survive in one place, in comparison to another.Apr 30, 2019
U.S. cities with the highest standard of living.
1. New York (Manhattan): 222
2. Honolulu: 179
3. San Francisco: 169.9New York (Brooklyn): 159.1
4. Orange County, California: 150.3
5. Los Angeles (Long Beach): 149.1
6. Washington, D.C.: 148.7
7. Boston: 148.4
8. Seattle: 144.5
9. San Diego: 142.5
10. Arlington, Virginia: 140.1
11. Oakland, California: 140
12. New York (Queens): 136.3
13. Bethesda-Gaithersburg-Frederick, Maryland.: 135.8
14. Nassau County, New York: 135.2.