An ultrasound imaging apparatus and ultrasound image display method simultaneously obtain photo-acoustic information and elasticity information of a subject, and generate and display a single image having the photo-acoustic information and the elasticity information, thereby enhancing accuracy and efficiency of a diagnosis. The ultrasound imaging apparatus includes a probe to radiate light when stress is applied and when stress is not applied to the subject, and to receive a corresponding first acoustic wave signal and a second acoustic wave signal, a data acquisition unit to acquire first acoustic wave data and second acoustic wave data that each represent optical absorption rate information about the subject, an elasticity information generating unit to calculate elasticity information about the subject, an image generating unit to generate a single image having both of the optical absorption rate information and the calculated elasticity information, and a display unit to display the generated image.
