Over the past three decades, with the development of urbanization in Wuhan, farmers' income has been substantially increased in Wuhan City, and urbanization has played an important role in farmers' income growth. By the empirical analysis of the data related to the level of urbanization development and farmers' income in Wuhan City during 1993-2013, this paper finds that there is a long-term stable equilibrium relationship between urbanization development and farmers' income growth in Wuhan City, and urbanization development has become an important driving force for farmers' income growth. Finally, this paper puts forth some policy recommendations for promoting farmers' income by urbanization development in Wuhan City on the basis of empirical analysis.