The objective of the paper is to analyze the standards of living with the help of   primary data collected in a field survey from 300 households in Mayurbhanj district of Odisha using stratified random sampling method and printed questionnaires. The study is based on primary data collected from tribes in four blocks of Mayurbhanj District namely, Rasgobindpur, Morada, Kuliana, Suliapada. In order to study the economic position of the tribal people it is needed to analyse possession of land, possession of agricultural implements holding of other assets, occupational structure and consumption pattern. 68.33 percent of the total tribal households in the study area possess land and 31.67 percent of households are landless. Only 4 percent tribal households have possessed the agricultural implements whose value is above Rs. 2000.00. It is found that highest numbers of assets are used by the Santals of Rasgobindpur whereas the least number are used by Khadia of Suliapada block. 88.3 percent workers have accepted agriculture, animal rearing and collection of minor forest produce as their main occupation. The tribes spend 62.25 percent on food items and 37.75 percent on non food items. Tribes spend 85 percent of their income on consumption.

KEY WORDS: Assets,  Consumption,  Tribes