A method and an apparatus for transmitting and receiving a paging message in a wireless communication system are provided. A Base Station (BS) transmits, to a Mobile Station (MS) in an idle mode, a Paging Group IDentification Information (PGID_Info) message including paging group information for a paging group to which the BS belongs, and frequency band-specific paging carrier information for indicating at least one of paging carriers included in each of a plurality of frequency bands operated by the BS. The BS determines a paging carrier for transmitting the paging message among paging carriers included in a frequency band supported by the MS, and transmits the paging message to the MS using the determined paging carrier. By doing so, reception of the paging message in the frequency band supported by the MS is guaranteed, thereby preventing the unnecessary location update procedure.