In this work, the influences of a magnetic field of 2.4 T on the macro residual stress and the status of structural defects, including grain boundaries, dislocations and the Fe-rich clusters of Ti-6Al-4V were investigated by X-ray Diffraction (XRD), Electron Backscatter Diffraction (EBSD) and magnetic measurement. The XRD test results show that the applied magnetic field can cause the relaxation and homogenization of macro residual stress. The maps of Kernel Average Misorientation (KAM) values obtained by EBSD tests present a significant dislocation multiplication caused by a magnetic field, and the rise of dislocation density was estimated to be about 32% by XRD tests. The EBSD test results also show an increase in the fraction of Coincidence Site Lattice (CSL) grain boundaries and a decrease in the fraction of low-angle grain boundaries. The results of magnetic measurement show that Ti-6Al-4V has mixed magnetism consisting of paramagnetism and weak ferromagnetism, and that the ferromagnetic saturation magnetization decreased after exposing the alloy to the magnetic field, which suggests the dissolution of the Fe-rich clusters in the alloy. These magnetically-induced changes are related to magnetoplastic effects, a kind of phenomena on which there have been some research, and the possible mechanism of them is discussed in this paper.