The invention discloses environment-friendly water-based paint for a living container and a preparation method thereof, and relates to the technical field of water-based paint. The environment-friendly water-based paint is prepared from the following raw materials in parts by weight: 20 to 25 parts of waterborne alkyd resin, 12 to 15 parts of waterborne styrene-acrylic emulsion, 28 to 37 parts of deionized water, 2 to 2.5 parts of environment-friendly cosolvents, 1.8 to 2.5 parts of neutralizers, 0.2 to 0.3 part of antifoaming agents, 0.2 to 0.3 parts of flatting agents, 0.2 to 0.3 part of substrate wetting agents, 0.8 to 1.0 part of adhesion promoters, 0.5 to 1 part of coalescing agents, 1.4 to 1.7 parts of waterborne driers, 0.5 to 1.2 parts of flash-rust inhibitors, 0.5 to 1.2 parts of rheological agents, 0.18 to 0.2 part of anti-settling agents, 0.5 to 0.8 part of dispersing agents, 1.65 to 2.0 parts of phthalocyanine blue, 2.5 to 3.0 parts of rutile titanium dioxide, 6 to 8.7 parts of aluminum triphosphate and 4.5 to 5.5 parts of barium sulfate. The environment-friendly water-based paint has the advantages that the environment is protected; the impact resistant, water resistant, weather resistant and salt spray resistant effects are achieved; the indexes such as the adhesive force meet the national standard requirements.