The song was released on November 19, 2010 as the album's third single in the United States, and as its overall fourth single. Its popularity was increased by its use in various films, television series and advertisements.
Critical reception of "Good Life" was generally positive. The band recorded various radio versions of this song for different cities and states. The line changed in the lyrics is "my friends in [city/state] they don't know, where I've been." .