Comparing Living Standards across U.S. Metro Areas: Which Ones Fared Well?

James Bullard

The Regional Economist, 2018, vol. 26, issue 1

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.

Date: 2018
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