Subject. The article considers the relationship between digitalization and the level of well-being of regions of the Russian Federation. Objectives. The aim is to identify factors of digitalization that have the greatest impact on the well-being of regions of Russia. Methods. The study employs analysis and synthesis of scientific literature on the research topic, classification, and econometric modeling. Results. We developed a regression model with a fixed effect. The endogenous variable is consumer spending, exogenous variables are the proportion of organizations that used the Internet; the number of subscribers of mobile broadband Internet access per 100 people; the proportion of the population who are active Internet users. We established a relationship between the indicators of digitalization and consumer spending per capita. However, there is no direct relationship between the volume of investments in fixed assets aimed at purchasing ICT equipment with consumer spending per capita. Conclusions. The availability of Internet access is the most obvious indicator of the region's population welfare. On the contrary, the availability of services provided via the Internet did not show a strong connection with consumer spending in the region. Practical application of the constructed model will make it possible to predict the level of well-being while improving digital technologies.
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