Wellbeing is a key aspect of a good life. A large and consistent body of research has shown that adolescents who are, or have at some point been placed in, out-of-home care are significantly more likely to experience a range of negative wellbeing indicators compared to their same-age non-placed peers. The aim of this cross-sectional study was to explore differences in wellbeing patterns among late adolescent boys and girls with (n = 131) and without (n = 319) experience of out-of-home care in Sweden. The study employed a cluster analysis including 10 wellbeing indicators and identified two unique clusters of young people: (1) a group exhibiting comparatively elevated wellbeing and (2) a group exhibiting comparatively reduced wellbeing. Girls, adolescents with out-of-home care experience, and unemployed adolescents were more likely to be found in the reduced wellbeing cluster.