Pre-print, Working paper: This paper aims at reexamining the construction of indicators of standards of living, by focussing on the challenges raised by the subjectivity and the multidimensionality of living conditions. For that purpose, we propose to apply Choquet integral-based multiattribute value theory to the elicitation, from rankings of multiattribute hypothetical societies, of individual's preferences on different dimensions of living conditions. A simple application of the proposed approach highlights the existence of complementarities and redundancies between different dimensions of standards of living, and reveals a strong heterogeneity of individual preferences on hypothetical societies. We explore also how elicited preferences can be used to cast a new light on the ranking of actual multiattribute societies.