Recently, a new kind of sensor applicable in magnetoencephalography (MEG) has been presented: a solid-state yttrium-iron garnet magnetometer (YIGM). The feasibility of yttrium-iron garnet magnetometers (YIGMs) was demonstrated in an alpha-rhythm registration experiment. In this paper, we propose the analysis of lead-field matrices for different possible multi-channel on-scalp sensor layouts using YIGMs with respect to information theory. Real noise levels of the new sensor were used to compute signal-to-noise ratio (SNR) and total information capacity (TiC), and compared with corresponding metrics that can be obtained with well-established MEG systems based on superconducting quantum interference devices (SQUIDs) and optically pumped magnetometers (OPMs). The results showed that due to YIGMs’ proximity to the subject’s scalp, they outperform SQUIDs and OPMs at their respective noise levels in terms of SNR and TiC. However, the current noise levels of YIGM sensors are unfortunately insufficient for constructing a multichannel YIG-MEG system. This simulation study provides insight into the direction for further development of YIGM sensors to create a multi-channel MEG system, namely, by decreasing the noise levels of sensors.