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The phrase "a source of income" is correct and usable in written English.
It can be used when discussing ways in which someone earns money or financial support.
Example: "Freelancing has become a significant source of income for many people during the pandemic."
Alternatives: "a means of earning" or "a revenue stream".
Exact(53)
THE PURSE It isn't just annuity salesmen who see widows as a source of income.
He purchased a herd of sheep and goats and used them as a source of income.
"Humanity objectifies nature as a source of income, as a pure utilitarian relationship," said Mr. Zhang.
Logging, a source of income and fuel, was severely restricted.
He doesn't have a source of income now.
"It is spreading like bushfire because it is a source of income," she said.
Similar(7)
However, people without a source of income can be rejected by the governor.
Wage labour also provides a source of income for some people.
Having a source of steady income is a smart move.
Those whose control vaginas control a source of tremendous income.
The metal has also fueled a scrap trade, providing impoverished Lao a dangerous source of income.
More suggestions(16)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com