Assessing preferences for daily life is the foundation for person-centered care. This study tested the Preferences for Everyday Living Inventory (PELI) with a large sample of community-dwelling older adults (n = 437). Aims were to evaluate the tool’s validity, identify common preferences within the sample, and explore associations between gender, race, and strength of preferences. The study found support for the PELI’s construct validity, identified participants’ most strongly held preferences across domains, and revealed preference differences by gender and race. Results indicate that the PELI is a practical tool to elicit preferences and personalize care.