The La 0.8 Sr 0.2 (Ga 12x Co x ) 0.8 Mg 0.2 O 32d (LSGMC x = 0.05, 0.1, 0.15, 0.2, 0.25) and La 0.8 Sr 0.2 (Ga 12x Fe x ) 0.8 Mg 0.2 O 32d (LSGMF x = 0.1, 0.2, 0.3) samples were prepared by solid-state reaction. The structure, conductivity, thermal expansion behavior, and chemical compatibility were studied by XRD, dilatometry, and four-terminal method. A limiting current oxygen sensor was prepared with La 0.8 Sr 0.2 Ga 0.83 Mg 0.17 O 2.815 as a solid electrolyte and La 0.8 Sr 0.2 (Ga 0.75 Co 0.25 ) 0.8 Mg 0.2 O 32d as a dense diffusion barrier. The oxygen-sensitive characteristic was measured at different oxygen concentrations. The results show that the phase structure of samples is cubic, except La 0.8 Sr 0.2 (Ga 0.75 Co 0.25 ) 0.8 Mg 0.2 O 32d , which has a hexagonal structure. The change in activation energy for electrical conductivity and the increase in thermal expansion coefficient are confirmed to correlate with an increasing concentration of oxygen vacancies. The limiting current oxygen sensor exhibits a good limiting current platform and the limiting current depends linearly on the oxygen concentration: I L (mA) = 12.8519 + 2.2667 x O2 (mol%, 0 < x O2 < 3.31) at 750°C, I L (mA) = 14.3222 + 3.5180 x O2 (mol%, 0 < x O2 < 4.16) at 800°C, and I L (mA) = 15.2872 + 5.0269 x O2 (mol%, 0 < x O2 < 4.12) at 850°C. The sensor has the best sensitivity at 850°C. As the oxygen concentration increases, the interface resistance of the sensor decreases at 850°C.