A color conversion element and a display device including the same are provided. The color conversion element includes: a base substrate in which a first region and a second region are defined; a color conversion layer on the base substrate, in the first region, and including color conversion particles configured to convert a wavelength of incident light; and a color light transmitting layer on the base substrate and in the second region; wherein each of the color conversion particles includes a compound represented by Formula 1 (AmBnXl - - - (1)), where, in Formula 1, A is Cs, Rb, or an alloy thereof; B is at least one of Cu, Sb, Ge, Sn, and Bi, or an alloy thereof; m, n, and l are each an integer of 1 to 9; and X is at least one of F, Cl, Br, and I, or a mixture thereof.