The invention relates to a method for preparing an iron-cobalt bimetallic monatomic anchored nitrogen-doped graphene cocatalyst and application thereof. The method comprises the following steps: adding graphene oxide into deionized water, ultrasonically mixing uniformly, adding a mixed solution of a cobalt chloride aqueous solution and a ferric chloride aqueous solution, and ultrasonically dispersing the graphene oxide in the mixed solution uniformly to obtain a solution A; putting the solution A into liquid nitrogen to be quickly frozen, performing freeze drying treatment, and performing high-temperature calcination in argon and ammonia gas atmospheres to obtain iron-cobalt bimetallic monatomic anchored nitrogen-doped graphene which is used as a cocatalyst; adding a loading material into an absolute ethyl alcohol solution for ultrasonic dispersion, compounding with the iron-cobalt bimetallic monatomic anchored nitrogen-doped graphene, mechanically stirring the mixture at room temperature, centrifuging, washing, drying in vacuum, grinding, and annealing to obtain the composite photocatalytic material. Iron-cobalt bimetallic single atoms are uniformly anchored on the surface of the nitrogen-doped graphene, and the nitrogen-doped graphene is well combined with different mesoporous semiconductor materials, so that the nitrogen-doped graphene has excellent photocatalytic hydrogen production performance.