There is provided a rolling component formed of a steel material of the medium carbon steel level that provides a rolling life improved to be comparable to that of bearing steel and also provides improved characteristic against surface-cracking, and a power transmission component including the rolling component. To achieve this, the rolling component is formed of steel having an induction hardened portion having a stress intensity factor range associated with tension associated-fatigue crack extension that has a lower limit .DELTA.Kth of 6.2 Mpa m.