The purpose of this study was to investigate the quality of life of subsistence farmers in the municipality of Bonito, Pará, Brazil, by analyzing their objective and subjective well-being. Semi-structured interviews were used to collect socioeconomic and life satisfaction data, which were evaluated by tools of descriptive statistics and multivariate data analysis. The interviewed farmers have a low educational level and a modest family income. The average housing quality index was considered satisfactory. The degree of subjective well-being of the subsistence farmers was high and the family income had little influence on the farmer’s well-being. It is believed that well-managed homegardens can provide an increase in the family income, with a view to the economic wellbeing and a better quality of life, including the housing of these families.