Magnetoresistive (MR) sensors and sensor systems are used in a large variety of applications in the field of industrial automation, automotive business, aeronautic industries, and instrumentation. Different MR sensor technologies like anisotropic magnetoresistive, giant magnetoresistive, and tunnel magnetoresistive sensors show strongly varying properties in terms of magnetoresistive effect, response to magnetic fields, achievable element miniaturization, manufacturing effort, and signal-to-noise ratio. Very few data have been reported so far on the comparison of noise performance for different sensor models and technologies, especially including the temperature dependence of their characteristics. In this paper, a stand-alone measurement setup is presented that allows a comprehensive characterization of MR sensors including sensitivity and noise over a wide range of temperatures.