The invention relates to high-manganese low-chromium type hot work die steel and a preparation method of the high-manganese low-chromium type hot work die steel, and belongs to the technical field ofhot work die steel. The high-manganese low-chromium type hot work die steel is prepared from, by mass, 0.35-0.45% of C, 0.50-1.20% of Si, 0.60-1.20% of Mn, 3.75-4.50% of Cr, 0.80-1.20% of Mo, 0.30-0.60% of V, 0.50-5.50% of Co, 0.80-3.00% of Ni, less than 0.02% of P, less than 0.02% of S and the balance Fe and inevitable impurities. The high-manganese low-chromium type hot work die steel is prepared through the processes of material preparation, smelting, casting, electroslag remelting, high temperature homogenization treatment, forging, annealing and heat treatment. Compared with existing H13hot work die steel, the high-manganese low-chromium type hot work die steel has higher toughness and higher heat stability.