A magnetic balance type current sensor includes: a magnetic detection bridge circuit of which output varies due to an induced magnetic field from a current wire; a magnetic field attenuation unit that attenuates the induced magnetic field that acts on a magnetoresistive effect element; and a feedback coil which generates a cancel magnetic field that cancels the induced magnetic field in accordance with the output of the magnetic detection bridge circuit, and through which a current corresponding to the current to be measured flows when it enters a balanced state in which the cancel magnetic field and the induced magnetic field cancel each other, wherein the feedback coil is provided in such a manner that a direction of the cancel magnetic field that acts on the magnetic field attenuation unit is opposite to a direction of the induced magnetic field that acts on the magnetic field attenuation unit.