The carrying capacity of water resources is of great significance to economic and social development, eco-environmental protection, and public health. The per capita water resources in Zhejiang Province is only 2280.8 m3, which is more likely to cause the risk of water resources carrying capacity in the case of water shortage. Therefore, this paper applies Analytic Hierarchy Process-Fuzzy Comprehensive Evaluation and Entropy-Principal Component Analysis to evaluate the vulnerability of disaster-bearers and the risk of disaster-causing factors; it comprehensively evaluates the risk of water resources carrying capacity in Zhejiang Province by constructing risk matrix and ranking scores. The specific results are as follows: According to the comprehensive evaluation of the vulnerability of disaster-bearers in Zhejiang Province from the three aspects of supporting force, regulating force, and pressure, the overall performance was good. In particular, the role of supporting force is the most obvious. In the risk of disaster factors, it was found that industrial structure, climate change, water use efficiency, and population structure have great influence, showing that southern Zhejiang is at a greater risk than northern Zhejiang, and western Zhejiang is at a greater risk than eastern Zhejiang, but the overall score gap is not large. Combining the two results, the order of water resources carrying risk in Zhejiang Province from low to high was Hangzhou, Ningbo, Shaoxing, Jiaxing, Huzhou, Jinhua, Quzhou, Wenzhou, Lishui, Taizhou, and Zhoushan. Finally, according to the development planning of different cities, the coping behaviors of the government and the public regarding water resources carrying risk are put forward.