The present study examined the relationship among purpose, hope, and life satisfaction among adolescents. Results concluded that having identified a purpose in life is significantly positively related to life satisfaction scores for adolescents, while searching for a purpose is not significantly related to life satisfaction. While not significant, the relationship is in the negative direction. In addition, hope was found to be a significant mediator for the impact of identified purpose on life satisfaction, but not for searching for purpose. These results suggest that having identified a purpose in life enhances overall life satisfaction in young people, but searching for purpose has no impact. Further, hope serves as a mediator for the impact of identified purpose on life satisfaction.