This paper presents the results of a comprehensive study of the pull-in phenomenon in the hybrid levitation microactuator (HLMA), in which square-shaped proof masses (PMs) of different sizes, namely, length sides of 2.8 and 3.2 mm and thicknesses of 25 and 10 μm were electromagnetically levitated. The pull-in actuation of the square-shaped PMs was performed by the electrostatic force generated by the set of energized electrodes and acting on the bottom surface of the PMs along the vertical direction. The pull-in parameters, such as pull-in displacements and the corresponding applied pull-in voltages, were measured with the developed setup. The experimental measurements showed that the pull-in actuation is nonlinearly dependent on the size and mass of the PMs and a levitation height. In particular, it was found that PMs levitated within a height range from 140 to 170 μm can be stably displaced within a range of 30 μm. The results of measurements were extensively simulated with the developed analytical model by means of the quasi-FEM method. The direct comparison of the results of simulation and measurements showed a very good agreement between the theory and experiments.