ABSTRACT
The most widely used measure of the standard of living is per capita income, aggregate money income divided by the number of people sharing that income. Comparisons of the standard of living in one location to another are often based on this. Yet since the 1970s, people in the United States have been “voting with their feet” by moving away from many areas with high per capita income to others with much lower per capita income, indicating that they evaluate the relative standard of living quite differently.
