The socio-economic development of the territory is determined by many parameters of both economic and social nature. Some of them may indicate positive trends, whereas others point at negative ones. This situation makes it impossible to draw an unambiguous conclusion about the vector of changes in the region or municipality. In such conditions, it is important to define integrated indicators that would comprehensively assess the situation on the territory in question. One of these indicators is the living standards. In single-industry towns, which are special objects of attention and management, monitoring the state and changes in the quality of life should become an important tool and a parameter of monitoring the socio-economic situation. It is important to analyze not only the objective, but also the subjective components of the living standards in the community. The paper substantiates the approach to living standard assessment with the help of statistical and sociological markers. It features specific indicators of the living standards and conditions, the integration of which makes it possible to obtain an adequate assessment of the quality of life in a municipal formation, including a monoprofile one.