Aging is a gradual and irreversible process that involves changes in tissues and body functions over time. The level of daily activities of elderly persons decreases with aging, although it is well known that physical activity (PA) is important for successful aging. This study's objective was to determine the influence of PA level on health-related quality of life (HRQoL) and life satisfaction (LS) among community-dwelling older adults. A cross-sectional study was carried out, with 263 questionnaires (PASE, WHOQOL-OLD, and LISAT9) completed and returned. Each WHOQOL-OLD and LISAT9 domain was analyzed using an independent t-test to determine differences in HRQoL and LS between groups. However, the relationship between PA level and HRQoL and LS domains was investigated using the Pearson correlation coefficient among Physically active and Physically inactive older adults. Older adults who reported being more physically active attributed higher scores to the sensory ability, autonomy, past, present, and feature and intimacy domains, and presented significantly higher overall HRQoL. In addition, the results indicated higher scores for the Ability to manage self-care (AMS), leisure satisfaction (LS), Vocational situation (VS), financial satisfaction (FS), Sexual life (SL), and Partner relation (PR) domains and significantly higher overall LS among physically active older adults. In contrast, there were no significant correlations between   PA level and HRQoL and LS domains. The results indicate that increases in the levels of PA can contribute to improvements in HRQoL and LS of older adults.