Many countries in Latin America and the Caribbean (LAC) region are being urbanized and industrialized at a very high speed. The share of urban population grew from 65% in 1980 to 76% in 2001 and the share of employees in non-agricultural industry is now 28% (World Bank, 2006). Migrants from rural to urban area aim to get higher income for the family and/or better education for their children. Have they achieved their goal? The empirical result from 7 countries in LAC shows that younger generations of migrant families do have more educational opportunity, controlling geographic and individual heterogeneity. Migrant families are found to have higher income per capita comparing the non-migrant families.