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As a woman working outside the home I wonder if homemakers have better health since they have more time to exercise?

Studies don't support this finding. Homemakers are more likely to smoke, have high blood pressure, and be in poor health compared to employed women.

Homemakers have a higher rate of arthritis. Some researchers think homemaking reduces women's health. Overall, employed women are healthier than homemakers. At the same time homemakers are in better health than unemployed women. The reasons for these differences are not entirely clear yet.

Reference: 

Clermont E. Dionne, PhD, and Marise Chénard, BSc. Back-Related Functional Limitations Among Full-Time Homemakers: A Comparison with Women Employed Full-Time Outside the Home. In Spine. June 15, 2004. Vol. 29. No. 12. Pp. 1375-1383.

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