The factor analysis model is used to study consumption structure change situation of urban residents since 1994. the results indicate that consumption level change of urban residents shows the periodic characteristics, that the most increased factor of consumption structure is housing, other factors are culture and education, medicine and health-keeping, traffic and communications and so on. The living level of urban residents has reached the level of well-off all-round society and begins to have a richer life. Meanwhile, the consumption level of urban residents is further raised, the consumption of the residents should be correctly guided.