A bearing component composed of steel which contains carbon not less than 0.95 mass % and not more than 1.1 mass %, silicon less than 0.3 mass %, manganese less than 0.5 mass %, sulfur less than 0.008 mass %, and chromium not less than 1.4 mass % and less than 1.6 mass % and is composed of remainder iron and an impurity and having a carbonitrided layer formed at a surface portion is provided. An average concentration of nitrogen in the surface portion is not lower than 0.3 mass % and not higher than 0.6 mass % and variation in nitrogen concentration is not higher than 0.1 mass %. An amount of retained austenite is not greater than 8 volume %. An area ratio of a precipitate in the inside where no carbonitrided layer is formed is not lower than 11%.