The present study is aimed at studying the levels of perceived mental health and subjective well- being among housewives and working women living in different places of Khagaria district of North Bihar. For the present study, total sample consisted of one hundred fifty women (N=150) comprising housewives (n=75) and working women (n=75) were randomly drawn from different places of Khagaria district – a well-known district of North Bihar. The subjects’ age were ranged between 28 – 55 years. The various dimensions of mental health like positive self-evaluation, realistic perception, integration of personality, autonomy, group – oriented attitude and environmental mastery were measured using Mental Health Inventory. PGI Well Being Scale was used to assess the subjective – well- being. Findings of the present study revealed that the levels of various dimensions of mental health and subjective well- being as a whole were better among the housewives than working women especially from where the present sample has been drawn, hence, the significant difference has been found between the group of women in terms of their degree of mental health, although, both the group of women have shown positive inclination towards subjective well-being. Moreover, such type of obtained results has been discussed in detail by giving appropriate probable reasons.