The invention discloses an Fe-Mn porous alloy material and a preparation method and application thereof. The Fe-Mn binary porous alloy material comprises 15-45wt% of Mn, and the balance Fe, the porosity factor of the Fe-Mn binary porous alloy material is 60-90%, and the pore diameter is 0.25-1mm. The preparation method adopts an organic sponge impregnation method, finally, a sintering body basically reproduces the pattern of sponge, the porosity is uniform, in the process of immerging in a sizing agent, a thixotropic agent CMC and silica sol are added, so that diffusion and combination of metal powder can be effectively promoted, and the Fe-xMn alloy has excellent mechanical properties. The organic sponge impregnation method is simple and controllable to operate, short in experiment period, low in cost, small in pollution, unrestricted in size, and appropriate in mechanical properties, is suitable for large scale industrial production. The mechanical properties of the obtained Fe-Mn binary porous alloy material cooperate with those of human body spongy bone, the degradation speed is appropriate, and the porosity is high and uniform.