The purposes of this study were to find out predictors as well as the most powerful predictor that relate to life satisfaction for the elderly persons who resides in the rural area. There were 203 participants in the study, and most of them showed comparatively low levels of education. A questionnaire requesting demographic information, subjective levels of health and economic status, activities of daily living (ADL) and instrumental ADL, perceived level of self-esteem, frequency of social contacts, and the life satisfaction was administered individually. It was found that the perceived level of self-esteem was the most powerful predictor for their life satisfaction. The findings of the present study were discussed in the context of characteristics for the elderly people who live in rural area.