The invention discloses a soil consolidation settlement meter of a centrifugal model testing device, a sample bucket rack is arranged on the inner side wall of a model box, a sample bucket is arranged on the sample bucket rack, a water penetrating hole a is arranged in the bottom of the sample bucket, a drain plate provided with a drain tray is arranged on the outer surface of the bottom of the sample bucket, the sample bucket is internally provided with sample soil to be tested, on filter paper, the upper surface of the sample soil is provided with a bearing plate, a rubber tape is arranged on the bearing plate, an air charging connector connected with an air pipe is arranged on the rubber tape, the upper surface of the rubber tape is provided with a counter-force frame provided with a guide sleeve, the guide sleeve is internally provided with a guide rod linked with the bearing plate, the top of the model box is provided with a model box cross beam, and a displacement sensor connected with a computer is arranged on the model box cross beam through a lead. The soil consolidation settlement mete provided by the invention has the advantages of wide application range, accurate test data, capabilities of overcoming the friction force on the side wall, discharging water during the soil consolidation smoothly and simulating the gradual change of an additional load of the soil body, and the like, and can be used for testing the consolidation of the soil body.