A dust core includes large particles having an average particle size of 8-15 μm, medium particles having an average particle size of 1-5 μm, and small particles having an average particle size of 300-900 nm when a cross section thereof is observed. An area ratio occupied by the large particles is 50% to 90%, an area ratio occupied by the medium particles is 0% to 30%, and an area ratio occupied by the small particles is 5% to 30%, when a total area ratio occupied by the large particles, the medium particles and the small particles is 100% in the cross section. Vickers hardness (Hv) of the large particles, the medium particles and the small particles is 150-600 respectively. The small particles are alloy powder containing Fe and at least Si or N. The dust core may be included in an inductor element.