The invention provides vanadium-containing non-magnetic Ti(C, N)-based metal ceramic and a preparation method thereof, and belongs to metal ceramic and preparation methods. The vanadium-containing non-magnetic Ti(C, N)-based metal ceramic comprises a hard phase and a binding phase, and raw materials are powder and comprise, by weight, 42.11%-53.48% of TiC, 7.91%-9.99% of TiN, 27.78%-32.82% of Ni, 9.30%-15.16% of Mo and 0.50%-1.99% of VC. The metal ceramic is prepared by mixing, wet grinding, drying, compression molding, degreasing and vacuum sintering. The preparation method of the metal ceramic sequentially includes the steps of mixing, wet grinding, drying, compression molding, degreasing and vacuum sintering. The preparation method is simple, low in cost and suitable for industrial production. The prepared metal ceramic is simple in composition and does not contain scarce strategic resource W, the hardness can reach 89 HRA, the bending strength can reach 2673 MPa, the metal ceramic has no magnetism at the room temperature, the relative permeability is not higher than 1.003, the abrasion resistance and the chemical stability are good, and the friction coefficient with materials such as steel is small; and the metal ceramic has good application prospects in the aspects of molding tools and molds for magnetic elements and wear-resistant parts of electronic products and automobile instruments.