In developing countries like Ethiopia rural-urban migration affects development of urbanrneconomy. This study examines the income opportunities being enjoyed by migrants and nonmigrants of street traders in Addis Ababa. To achieve the objective 268 respondents werernselected randomly from four areas of Addis Ababa in the year 2011. These Areas are Pazea,rnMegnagna, Torhighle and Aserasemnte. The main instrument of data collection was thernquestionnaire administered in the selected areas. Analysis of data revealed that 82.8% of streetrntraders are migrants, 62.1% are male and the average age and income of street trade of AddisrnAbaba is 26 year and 1111 birr respectively. While about 74.4 % of them arrived theirrndestination within the last decade (2002-2011) or less. In terms of welfare, 55% of the migrantsrnreported improved welfare and 71.43 % among non-migrants. According to the result of multiplernregression analysis estimated, migration ,age, household size, startup capital and having skillrnbefore trader variables was a statistically significant variable affecting income among others.rnTherefore the need for policy measures that will create income and employment opportunities inrnthe rural areas and cities cannot be over-emphasized.