The concept of happiness is becoming an increasingly significant area of focus in the evaluation of overall quality of life. This research examines the impact of migration on the well-being of women who remain in their place of residence following the migration of their family members. The study employs data from the Multiple Indicators Cluster Survey (2017–2018) in Punjab, Pakistan, and addresses sample selection bias through Propensity Score Matching (PSM). Moreover, as the dependent variable is ordinal, the study employed ordered logistic regression to examine the correlation between migration and happiness, taking into account migration status and other variables. The findings indicate that women from migrant backgrounds tend to benefit from migrating, primarily in terms of enhanced financial resources. In order to gain insight into the varying effects of migration on women’s happiness, the study employed heterogeneity analysis, which revealed that the influence of migration on women’s happiness differs across various areas. In conclusion, the combination of propensity score matching (PSM) with ordered logistic regression and heterogeneity analysis represents a robust methodology for evaluating the impact of migration on women’s perceptions of happiness. The study demonstrates that migration has the potential to improve the quality of life of women who remain in their home countries, particularly those residing in financially disadvantaged households.