Global climate change has made natural disasters become large-scale, diversified, and concentrated, causing social and economic damages one after another. The frequency of natural disasters and the scale of subsequent damages are continuously increasing and more than 90% of damages are caused by rainfall, wind speed, and snowfall. In particular, flood damage accounts for the greatest percentage of damage, which prompts us to prepare necessary preventive measures. Flood damage caused by river inundation often occurred in the past. Recently, however, inland flood damages, such as the inundation of Gangnam Station in 2011 and 2012, caused by urbanization have been increasing, which makes it necessary to simulate flood inundation and calculate the damages while considering the effect of inland inundation as well as river inundation. Accordingly, this study analyzed the inland inundation reduction effect through a simulation of flood inundation utilizing flood pumping stations in Anyang River. An economic analysis was also conducted. In addition, this study prepared/compared the flow inundation map based on the existence and operation of flood pumping stations during a localized heavy rainfall event and tried to analyze the economic feasibility by comparing the expected flood damage and the cost of flood pumping stations using Multi-dimensional Flood Damage Assessment. Through this study, results will be provided as reference data for qualitative flood inundation simulation and economic analysis of the basin where natural discharge of direct runoff is impossible and compulsive drainage is taking place.