From Wiktionary, the free dictionary
From רמת (ramát-, “level of”) + חיים (khayím, “life”); hence literally “level of life”.
רָמַת חַיִּים • (ramát-khayím) f
- A standard of living.
- ירידה ברמת החיים — y'ridá b'ramát-hakhayím — a decline in the standard of living
