A high-frequency magnetic material is provided and includes: an oxide phase including: a first oxide of a first element being at least one selected from the group consisting of Mg, Al, Si, Ca, Zr, Ti, Hf, Zn, Mn, a rare-earth element, Ba, and Sr, and a second oxide of a second element being at least one selected from the group consisting of Li, Na, K, Rb, Cs, Be, Mg, Ca, Sr, Ba, and Zn, the first oxide and at least a part of the second oxide being formed into a solid solution; and magnetic metal particles including at least one of Fe and Co and having a particle size of 1 to 100 nm, the magnetic metal particles being deposited on a surface and inside of the oxide phase, the magnetic metal particles occupying 50% of a volume of the high-frequency magnetic material exclusive of a void.