Abstract: The magnetic socket holder according to the present invention includes a plurality magnets and associated posts which are adapted to receive sockets of varying sizes. The invention provides ready access to each socket and allows easy one handed removal and replacement of sockets. The magnetic socket holder includes a base having a series of recesses and magnets disposed in each of the recesses. Each of the magnets is provided with an associated post which is adapted to be receive within a socket. The posts and the magnets are preferably mounted to the base by a rivet. The magnets create a magnetic field which is sufficient to retain the sockets on the posts. While the combination of all the magnets provides a magnetic field which is sufficient to retain the socket holder and attached sockets on a support surface.