Abstract: This research explored the impact of living arrangement, gender and family life satisfaction on adjustment of the elderly. The study used factorial design, which analyzed the data collected through an Adjustment Inventory and Family life satisfaction Inventory for the elderly from the city of Oyo in the southwestern part of Nigeria. The Adjustment Inventory has 6 measures such as home, social, emotional, self, health and general adjustment. An analysis of variance performed on the data revealed that there is a significant effect of living arrangement on emotional adjustment, gender on general adjustment and family life satisfaction on emotional and general adjustment. The findings, in general, underscore implications of organizing programs for the elderly focusing on strengthening the familial bond with a particular note on the widowed group.