The global concern for the level and sources of urban surface soil pollution has been increasing. In this study, we assessed the efficacy of the environmental magnetic method in identifying the sources of urban surface soil pollution in Ningbo, a prominent city in China. To achieve this, magnetic and geochemical measurements were performed on surface soil samples collected from 114 designated sites, supplemented by polarizing microscope observations. The mass-specific magnetic susceptibility values (χlf) exhibited a wide range, spanning from 25.45 to 1903.85 × 10−8m3kg−1, with an average of 295.45 × 10−8m3kg−1. Notably, lower magnetite concentrations were identified in the urban center, contrasting with higher values observed in the peripheral industrial areas. The average concentrations of Cu, Pb, Zn, and Ca were much higher than the background values. Anthropogenic sources such as traffic emissions, construction dust, and industrial processes emerged as the predominant contributors to surface soil pollution in Ningbo. Fuzzy cluster analysis was employed to discern possible relationships between magnetic properties and pollution sources. The results indicated three categories of pollution. Cluster 1 is related to natural (lithogenic and pedogenic) magnetic mineral sources, and the samples contained abundant quartz or feldspar. Notably, these samples are largely unpolluted. Cluster 2 is associated with a combination of natural and anthropogenic sources. Cluster 3 is dominated by spherical magnetic particles formed by high-temperature combustion. In Cluster 3 topsoil samples, ascertained to be contaminated through magnetic analysis, a significant Spearman correlation was observed between magnetic parameters and Cu, Cr, and Fe. In conclusion, magnetic properties provide a swift and effective method for characterizing surface soil pollution in Ningbo, enabling the tracing of sources for trace metals in the surface soil.