In the development of positioning device for precision manufacturing and measuring, the friction from mechanical contact causes serious decrease of performance. In this study, we studied about variable reluctance type contact-free linear actuator to overcome drawbacks from friction. In the view of electromagnetics, we analyzed and derived theoretical magnetic force equation and designed structure for generating suspension and propulsion force simultaneously. In the view of dynamics, we derived equation of motion and identified the stability of the system. Finally, we verified the feasibility of the proposed system.