A titanium alloy according to the present invention is characterized in that it comprises an element of Va group (the vanadium group) in an amount of 30-60% by weight and the balance of titanium substantially, exhibits an average Young's modulus of 75 GPa or less, and exhibits a tensile elastic limit strength of 700 MPa or more. This titanium alloy can be used in a variety of products, which are required to exhibit a low Young's modulus, a high elastic deformability and a high strength, in a variety of fields.