Standard of living can be high when factors such as poverty rate are reduced. When people have access to quality and affordable housing. If there is an access to quality healthcare and education, standard of living will be markedly high. Access to social services like theatres and stadiums will also add to an increase in standard of living.
Household income will also influence the standard of living if its either high or low. High income results in better standard of living as compared to low income. Level of crime also results in lower standard of living if there is high crime rate.