The invention discloses a nickel-saving high-nitrogen austenitic stainless steel gas-shielded flux-cored wire and a preparation method thereof, and belongs to the technical field of welding materials and welding material manufacturing processes. The technical problem that when high-nitrogen low-nickel austenitic stainless steel is welded at present, the low-temperature impact toughness of a welding joint is not high is solved. The flux-cored wire is prepared from flux core powder and a stainless steel skin wrapping around the flux core powder, the flux core powder is formed by mixing rutile, potassium feldspar, zircon sand, fluorite, cryolite, copper powder, aluminum-iron alloy, electrolytic manganese, atomized ferrosilicon, silicon-calcium alloy, metal nickel, ferromolybdenum, ferrocolumbium, ferrotitanium and nitrided metal chromium. the method comprises the following steps that the mineral powder is dried in batches and mixed with the dried alloy powder, then the outer skin is filled with the mixture, rolling and drawing diameter reducing are conducted, and the flux-cored wire is obtained. According to the nickel-saving high-nitrogen austenitic stainless steel gas-shielded flux-cored wire and the preparation method thereof, the welding wire is excellent in low-temperature mechanical property.