To explore the livelihood problems following development-induced displacement and resettlement, this article selects 234 affected families of the Qianping Reservoir in China and builds a livelihood resilience inferred measurement model to assess and verify their livelihood resilience. The research shows that households that have a reasonable income structure or that resettled near their original residence have higher livelihood resilience. Moreover, the proportion of agricultural income and physical capital have the most significant impact on livelihood resilience compared with other socio-economic indicators. These findings can help individuals make better preparations in advance and guide governments to do well in assistance after resettlement.