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"sharing the cost" is a correct and usable phrase in written English.
You can use it when you are talking about two or more people or entities contributing to the cost of a particular item or service. For example: "We agreed to share the cost of the birthday present for our mother."
Exact(60)
Sharing the Cost of Multicast Transmissions.
Sharing the cost with someone else is pretty good, too.
Even with the two of us sharing the cost, a tour would be a bit pricey.
The center's constituent groups, which are sharing the cost, have $100 million left to raise.
The ICC, BCCI and host broadcasters should be sharing the cost of using it.
But there is also an interest in burden-sharing and sharing the cost as well".
Because Knicks games are a social event, she may renew, but only by sharing the cost.
Its constituent groups, which are sharing the cost of the project, have $100 million left to raise.
After all, the arrangement gives it the benefit of a faster data network while sharing the cost with other investors.
An outright acquisition, with the county and town sharing the cost, is just one possibility, he said.
The thorny issue of sharing the cost of protecting refugees is likely to continue to strain unity.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com