standard of living

from The American Heritage® Dictionary of the English Language, 5th Edition.

• noun A level of material comfort as measured by the goods, services, and luxuries available to an individual, group, or nation.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

• noun A relative measure of the quality of life of a person or group has.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

• noun a level of material comfort in terms of goods and services available to someone or some group