An optoelectronic hybrid fiber optic acoustic and magnetic sensor (FOAMS) based on fiber laser sensing is proposed, which can measure acoustic and magnetic field simultaneously. A static magnetic field signal can be carried by an AC Lorentz force, and demodulated in frequency domain together with acoustic signals. Some experiments of acoustic pressure sensitivity, magnetic field sensitivity, and simultaneous acoustic and magnetic measurement on a fabricated FOAMS were carried out. The acoustic pressure sensitivity was about -164.7 dB (0 dB re 1 pm/μPa) and the magnetic field sensitivity was 0.6 dB (0 dB re 1 pm/ (T•A)). The experiment of simultaneous acoustic and magnetic measurement shows that the detections of acoustic and magnetic field have little effect on each other in dynamic range and simultaneously measuring acoustic and magnetic field is feasible.