Journal Article
Comparing Living Standards across U.S. Metro Areas: Which Ones Fared Well?
Abstract: I am keenly interested in how incomes and prices differ throughout the U.S. To gain a better understanding of how the individual (metropolitan statistical areas (MSAs) are performing, I recently examined which ones have relatively high and low standards of living, based on a measure of per capita income. From a macroeconomic point of view, we would want all MSAs to be performing at a high level so that overall gross domestic product (GDP) and standard of living can be as high as possible. The approach I used to compare MSAs is similar to the methodology used to compare standards of living across countries. I focused on 2015, the most recent year for which we have complete data.
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https://www.stlouisfed.org/publications/regional-economist/first-quarter-2018/comparing-living-standards
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: The Regional Economist
Publication Date: 2018
Volume: 26
Issue: 1
Order Number: 1