Groundwater in Beijing has been excessively exploited in a long time, causing the groundwater level continued to declining and land subsidence areas expanding, which restrained the economic and social sustainable development. Long years of study show good time-space corresponding relationship between groundwater level and land subsidence. To providing scientific basis for the following land subsidence prevention and treatment, quantitative research between groundwater level and settlement is necessary. Multi-linear regression models are set up by long series factual monitoring data about layered water table and settlement in the Tianzhu monitoring station. The results show that: layered settlement is closely related to water table, water level variation and amplitude, especially the water table. Finally, according to the threshold value in the land subsidence prevention and control plan of China (45, 30, 25 mm), the minimum allowable layered water level in this region while settlement achieving the threshold value is calculated between −18.448 and −10.082 m. The results provide a reasonable and operable control target of groundwater level for rational adjustment of groundwater exploited horizon in the future.