The invention belongs to the field of locomotives, and discloses a material for locomotive wheels. The material comprises the following microalloy components of, in percentage by mass, 0.57 to 0.70 of C, 0.50 to 1.10 of Mn, less than or equal to 0.40 of Ni, less than or equal to 0.06 of Ti, less than or equal to 0.06 of V, and less than or equal to 0.30 of Cr. Compared with ER8 and ER9 materials which are frequently used in China at present, the material for the locomotive wheels has high yield strength, tensile strength, plastic deformation resistance and rolling contact fatigue resistance, the hardness of a rim is improved to 265 HBW or above under the same condition, in addition, microalloy elements Nb and Ti are added into steel, the microalloy element V is combined for use, on one hand, deformation recrystallization of austenite can be inhibited and growth of crystal grains of the austenite can be prevented in the hot working process, on the other hand, the precipitation strengthening effect of Nb, V and Ti can be exerted through strain induced precipitation of carbon-nitrogen compounds of the austenite, so that the crack initiation resistance of the material is improved, crack propagation is delayed, the service stability of the whole life cycle is promoted, and the service life and the operation mileage are prolonged.