How's life?

Literal

Living [topic-は] how is (polite)?

A short polite greeting pattern: [topic]+はどうですか asks after the state of X. 暮らし is literally 'living, livelihood' — as a greeting, it's asking about one's general circumstances, 'how are you getting on?' The pattern is very common and productive: お仕事はどうですか, 学校はどうですか, ご家族はどうですか.