The sustainable development of the resettlement community residents is an important topic in the process of the new urbanization. Based on the framework of sustainable livelihood，this paper conducted questionnaire survey and in-depth interviews with residents of two relocated communities in Zhengzhou，and carried out the analysis on the livelihood of the residents in the resettlement community. It is found that，after the resettlement，the natural capital of the community residents have been greatly reduced，and the physical capital and human capital have been improved，but he social capital and financial capital have been improved little. The residents are mainly relying on work income and rental housing to maintain basic livelihood. At the same time，the stock of human capital and social capital of the middle and low income residents is low，the stress of the daily consumption expenditure of the family is in a higher level，and the livelihood is more vulnerable. With the new urbanization as the goal orientation of the resettlement policy system，it is necessary to carry out vocational skills training on the middle and low income families，especially the low income families and improve the community shares the development of a cooperative system of collective economy.In this way，we can promot the sustainable development of the livelihood of the residents in the resettlement community.