The true reason for migration is to seek for a better life. People who choose to migrate are motivated by economic intentions and the pursuit of well-being. Many research studies investigate the impact of migration focus on migrant workers only, not include the whole of migrants. This study aims to analyze whether migration has an impact on well-being in Indonesia, using both objective and subjective measurements. The sample unit of study is a person who was 22 years old or over in 2014, using longitudinal data of the Indonesian Family Life Survey. Objective well-being is measured by real per capita expenditures that reflect the differences in purchasing power in 2007 and 2014, while the subjective well-being is a self-rated assessment index of life satisfaction. The analytical method used is the logistics of panel data. The results show that migration significantly and positively affects well-being in Indonesia. It can be concluded that subjectively, migrants tend to have better well-being, and objectively, their purchasing power tends to be higher than that of non-migrants.