This study examined the perception of insecurity on subjective well-being (SWB), as well as the moderating role of psychological resilience. Perception of insecurity was considered as both community, economic, political and personal insecurity domains. Two hundred and thirty-nine (239) student participants in two cities of North Nigeria (Kaduna) and Southern Nigeria (Nsukka) participated in the study, (Mage= 36.46, SD=7.06; Females = 111, Males =128). Participants completed the Subjective Happiness Scale (SHS), Perceptions of insecurity scale (PIS) and The Brief Resilience Scale (BRS). The results showed that political insecurity, a sub-scale of perception of insecurity, was a significant predictor of subjective well-being, β = -.33, p<.001. Similarly, psychological resilience was a significant predictor of subjective well-being, β = .20, p<.01. The analysis also showed resilience moderated the relationship between community perception of insecurity and SWB. The implication and recommendations were further discussed.