The purpose of the study is to understand the influences of relocation on well-being of elderly people from the view point of the degree of satisfaction towards housing and living environment in order to promote reside in the central area of town. It is found that influences of relocation on well-being is expressed strongly (mainly) as solidarity. Also, well-being is influenced strongly by the individual attributes such as income level and ability of walk, and secondly by the degree of satisfaction towards communication and participation in the community.