An aluminum alloy electric wire includes an aluminum alloy strand that contains Mg, Si and a remainder composed of aluminum and inevitable impurities. The aluminum alloy strand contains 0.6 to 1.4 atomic % of Mg and 0.2 to 1.0 atomic % of Si, has a coefficient of variation of 0.8 or less, the coefficient being calculated by dividing a standard deviation of a grain size of crystal grains observed on a cross section by an average grain size of the crystal grains, has tensile strength of 165 MPa or more, has elongation at break of 7% or more, and has conductivity of 40% IACS or more.