Improvements in migrant families’ consumption are crucial to economic development after the economic crisis. With China’s participation in economic globalization, industrial transformation and college enrolment expansion, a new type of migrant worker has emerged, skilled migrants, who have attained a college diploma or above and whose consumption behaviors differ from traditional labor migrants because education helps to improve the income and consumption structure. This study uses comparative analysis and Tobit model to examine differences in income and consumption patterns, and determinants of consumption between skilled migrant and labor migrant households. Education helps to increase income and alter consumption behaviors. The income and consumption levels of skilled migrant households are significantly higher than the levels of labor migrant households, and the propensity to consume among skilled migrant households is higher than among labor migrant households. Moreover, the consumption structure of skilled migrant households is more advanced than that of labor migrant households. Education indirectly influences consumption by influencing economic, familial, individual, settlement intention, and social security factors. These factors have different effects on skilled migrant and labor migrant household consumption. Authorities should improve the education level and social welfare system to cover migrant households, especially for low-income labor migrants, to improve their consumption.