It is essential to know how teacher's satisfaction affects the performance of students. Using the data of the 2016 Annual Monitoring of the Academic Quality of Students in Basic Education in Jiangsu of China, this study applied a hierarchical linear model to analyze the impact of teacher's satisfaction on the academic performance of elementary students. Results showed that both the self-realized satisfaction with the education work and the relationship between colleagues and students displayed a significant effect on students' performance, whereas the satisfaction with the supervisors and administrative, the rationality of the payment, and the environment for further development did not show a significant impact on students' performance. So based on these data, we suggest that it is critical to create a better self-realized condition for teachers to realize a good relationship with colleagues, and build up an incentive system for them to better stimulate their teaching enthusiasm.