This is the 11651st most frequent Russian word.
живешь
"(you) live" (second person singular, informal).
The word 'живёшь' expresses the present-tense fact about where someone resides, addressing them informally (ты).
Ты живёшь в большом городе.
You live in a big city.
The word 'живёшь' conveys the way someone experiences life, used metaphorically, and addressing them informally (ты).
Каждый день ты живёшь с улыбкой.
Every day, you live your life with a smile.
The word 'живёшь' is used in a question about someone's place of residence, addressing them informally (ты).