Subjective well-being in host-guest relations has only been considered from the viewpoint of the guest. This study addresses the host perspective and assesses the association between perceived tourism impacts and residents' subjective well-being in a mass tourism destination. Findings indicate that perceived tourism impacts are associated with life satisfaction, the cognitive component, and not with hedonic level of affect, the affective component. The life domains of health, interpersonal relationships, friends, and services and infrastructure, in particular, are positively affected.