A kind of magnetic field sensor using a microfiber coupler (MFC) surrounded with magnetic fluid (MF) is proposed and experimentally demonstrated. As the MFC is strongly sensitive to the surrounding refractive index (RI) and MF's RI is sensitive to magnetic field, the magnetic field sensing function of the proposed structure is realized. Interrogation of magnetic field strength is achieved by measuring the dip wavelength shift and transmission loss change of the transmission spectrum. The experimental results show that the sensitivity of the sensor is wavelength-dependent. The maximum sensitivity of 191.8 pm/Oe is achieved at wavelength of around 1537 nm in this work. In addition, a sensitivity of −0.037 dB/Oe is achieved by monitoring variation of the fringe visibility. These suggest the potential applications of the proposed structure in tunable all-in-fiber photonic devices such as magneto-optical modulator, filter, and sensing.