In this work, the substitution of Bi for Co atoms in MnCo1-xBixGe (x = 0.01, 0.02, 0.04, 0.06, 0.08, 0.1) alloys was prepared. The crystal structure, magnetic properties, and magnetocaloric effect have been analyzed. By tuning the Bi-content in MnCoGe alloys, the reduction of martensitic transformation (MT) temperature and the presence of a first-order magnetostructural transition (MST) were observed. Magnetic field-induced MT indicates that the magnetic field is much harder to drive MT compared to the temperature. With the Bi-content for 0.01 ≤ x ≤ 0.06, orthorhombic-type phase and hexagonal-type phase coexist. Furthermore, we observed an increase in the fraction of the hexagonal-type phase and a corresponding decrease in the fraction of the orthorhombic-type phase. It is beneficial to the refrigeration capacity for the isothermal magnetization curves M(H) on magnetization and demagnetization procedures with small magnetic hysteresis loss. With a magnetic field of 5 T, magnetocaloric effect (MCE) can be observed involving magnetic entropy change (-ΔSM) of 26.42 J kg−1 K−1 for x = 0.06 and refrigeration capacity (RC) of 259.78 J kg−1 for x = 0.01. Thus, this material is considered a fabulous candidate for magnetic refrigeration cooling applications at room temperature.