The song's producer D. DoRohn Gough said about working with Ne-Yo on the song: "My desire is to influence a culture with music that feels good. I am honored that Ne-Yo is allowing me to display this music on a global stage.".
Rap-Up magazine said that "Ne-Yo pops the cork and toasts to the good life on “Champagne Life”. [He] evokes his idol Michael Jackson on the slinky production, which goes down smoothly". Mark Edward Nero from About.com praised the song, saying that it's "a Michael Jackson-esque tune about enjoying the type of life where "trouble is a bubble in a champagne glass" and "dreams and reality are one and the same". He also said that the song is catchier than "Beautiful Monster".