With the rapid development of economy, farmers’ wage income of Hangzhou in the proportion of house-hold income is growing and becoming the main driving force of farmers’ income growth. Based on the analysis of the change of income structure and farmers’ wage income in Hangzhou from 1995 to 2015, influencing factors of the variation of farmers’ wage income were studied in the paper. The research results showed that farmers’ income diversified sources and non-agricultural trend obviously in Hangzhou City. Human capital, the level of urbanization, the level of rural infrastructure construction, the secondary and tertiary industry development level and the number of rural labor had positive effect on farmers’ wage income in Hangzhou.