Abstract Introduction: The population of the planet is aging quickly. According to the World Health Organization, the percentage of elderly individuals above 60 years of age worldwide is predicted to be doubled, from 12% in 2015 to 22% by 2050. Depression is the most common psychiatric disorder among the elderly which has a larger influence on their physical and emotional well-being. It is important to recognize the unique physical and mental health issues experienced by older adults. Materials and Methods: A community-based analytical cross-sectional study was conducted among elderly above 60 years of age attending two Primary Health Centres in the field practice areas of JSS Medical College, Mysuru. Based on inclusion and exclusion criteria, 130 elderly people were selected. Pretested semi-structured questionnaire on sociodemographic characteristics was administered, and a Geriatric Depression Scale (short form), Mini Nutritional Assessment Scale of the elderly, and Katz scale of independence were used. Statistical tests such as the Chi-square test and Spearman’s correlation test were used. Results: The prevalence of geriatric depression was 34.6%. Along with that, 5% were malnourished and 60% were at risk of malnutrition. The prevalence of physical dependency was 10%. Malnutrition and daily living activities were significantly associated with depression. Nutritional status and daily living activities show a negative correlation with geriatric depression and among them, nutritional status shows significant negative correlation with geriatric depression. Conclusion: Most of the elderly with poor nutritional status were depressed. Proper nutrition and adequate physical activity can cause a reduction in depression among the elderly.