This study examines indicators of family strength among a random sample of low‐income households with children. The Family Strength Index assesses strength according to economic, problem‐solving, communication, family cohesion, and social support assets. Variations in family strength are explained according to parental status and level of employment. Logistic regression is used to examine the contribution of assets to family outcomes. Findings indicate that relationship assets such as communication, problem solving, and social support predict positive outcomes for low‐income families.