This study assessed how much multiple jobholding is associated with the wellbeing of Physical Education teachers from public state institutions in southern Brazil, considering individual (lifestyle) and socio-environmental (work) parameters. 1645 teachers completed a sociodemographic and professional questionnaire, besides filling out the Quality of Life at Work of Physical Education Professionals (QVT-PEF), and the Individual Lifestyle Profile (PEVI) forms. The likelihood ratio chi-square and multinomial logistic regression tests were used to assess how the variables studied were associated. Findings indicated significant differences for the socio-demographic and professional characteristics of teachers who work only at the public state school and teachers holding multiple jobs. In addition, teachers holding multiple jobs are less satisfied with career advancement and with the balance between leisure and work time. Public policies should encourage PE teachers to work exclusively at state schools in order to promote better wellbeing.