This study analyzed household income and consumption mobility based on the Convergence Hypothesis Model. The methodology used for the estimation of this model is the Generalized Method of Moments. Using data from Korea Labor and Income Panel Study, yearly data from 2009 to 2021, panel data was used to conduct analysis. As a result, There exists difference in convergence speed by agricultural and non-agricultural household, and by consumption and income item according to the characteristics of each item. The difference in the value of the convergence coefficient by item was due to the influence of the government's policy related to the item. As a result of comparison by group, consumption was generally high in the non-agricultural household, and income was generally high in the agricultural household.