The current study is designed to see the effects of water access on the well-being of the farming community in rural areas of Pakistan. The data were collected from 300 households of ten villages in rural Faisalabad, Pakistan where the population is facing serious water quality and access issues due to industrial pollution, lack of clean water supply system and limited access to fresh water for agricultural use. We employed ordinary least square and ordered probit methods to measure the association between water access variables and households’ well-being. We found that source and quality of drinking water, access to irrigation water, and percentage of crop water requirement fulfilled, and water expenses were statistically significant influencing the households’ well-being. The study concluded that water access conditions strongly influence the life satisfaction and water access conditions must be considered in future research. Acknowledging the contribution of village-level economic activities to economic growth, a strong policy is proposed to re-evaluate the existing rural water supply strategy to enhance the households’ well-being and enhance livelihood generation among neglected pro-poor farmers in rural areas of Pakistan.