Abstract The purpose of this study was to investigate the link between multi-generational household arrangements (uni-, bi- or tri-generational) and sociodemographic variables, functional performance, mood, social support and life satisfaction in cognitively healthy elderly individuals. This is a cross-sectional, descriptive and quantitative study. A total of 107 elderly individuals from the Federal District were evaluated using the Geriatric Depression Scale, the Mini Exame do Estado Mental (Mini-Mental State Examination), the Scales of Basic, Instrumental and Advanced Activities of Daily Living, the Perceived Social Support, and the Life Satisfaction Scale. Bivariate statistical analysis indicated that tri-generational arrangements were associated with being female, being a widowed individual and having more children; and uni- or bi-generational arrangements were associated with a greater life satisfaction in comparison to people of the same age, a bigger participation in cultural activities and driving an automobile. These findings indicate that, for elderly individuals, living arrangements are associated with family composition, life satisfaction and social engagement.