The main aim of this paper is to evaluate the life satisfaction among women living in the Northern Cyprus by focusing on socio-economic and gender related factors. Within this context, we aim to analyze the influence of socio-personal characteristics of Northern Cypriot women in regard to life satisfaction. To fulfill these objectives, a questionnaire survey has been applied to 510 women living in the major cities of Northern Cyprus. Applying an ordered logit model, this paper examines the role of several factors such as normal and social reference income, employment, and savings, health, and education, participation in the household expenditures, being a full-time housewife, domestic violence, political preferences, and perception of government performance on life satisfaction. The results demonstrate that good health, high education, high income, saving, high household income has positive effects on life satisfaction whereas domestic violence, being a full-time housewife, unemployment and social reference income has negative effects on life satisfaction.