53 Development and Validation of Well-being Index Bernarda C. Lleno, ORCID No. 0000-0003-1788-6074 bcl_dm@yahoo.com Red Robin P. Babanto, ORCID No. 0000-0003-1630-7931 redrobin_pbabanto@yahoo.com Fatima C. Tanzo ORCID No. 0000-0003-4009-1405 fattanzo@yahoo.com Abstract Well-being is a positive perception and usually related to satisfaction allied with emotion and determined by social variables in economics, socio-cultural, environment and health. Te determination and validation of indexes of well-being applicable to Filipinos is the intention of the study. Te study utilized the descriptive research design with the total population of fve thousand one hundred fve (N=5, 105) and a sample size (n = 1000) of one thousand household heads in Malaybalay City, Philippines. Survey questionnaires used in the study were validated utilizing the Delphi technique and the reliability test was done using Cronbach Alpha. Te top three indicators that yield the greater optimal weights are the better indicators of well-being among Filipinos. Te result of the study shows that the better indicators for well-being are housing, income and community. Keywords: Well-being, health, income, housing, community Introduction Well-being is a positive perception and usually related to satisfaction allied with emotion. Tere are diferent factors that afect this perception. Well-being is generally associated with conditions of life and dictated by society. Te identifcation of specifc factors that comprise the index helps in expanding our understanding of well-being and how people behave in a given situation. Hence, well- being is multi-dimensional and is conditioned with the diferent experiences of a given society. Tis study claims that even with the multidimensionality of well-being, there is a need to capture the determinants applicable for the people in Malaybalay City. Literatures provide diverse multi- dimensional indices of well-being depending on the environment where the individual resides. White, Gaines, and Jha (2012) cited that aspects of well-being also infuence poverty. Te relationship on this concept was identifed in a “Well-being and Poverty Pathway” research done in Zambia and India. It was done to assess the rural communities’ well-being. Te Organization for Economic Co-operation and Development (OECD) studied 36 countries excluding the Philippines for the purpose of promoting policies that will improve the economic and social well-being of people around the world (Boarini, Comola, De Keulenaer, Manchin, & Smith, 2012). Rath, Harter, and Harter, (2010) in their book, “Well-Being” cited fve essential elements to include career, social, fnancial, physical and