This study aimed to determine the relationship between bone mineral content, habitual physical activity, and calcium intake in children. Fifty-seven children, aged 8–11 years, wore pedometers for seven days to assess activity. Calcium intake was estimated by a 4-day food diary. Bone mineral content (BMC) and areal density (BMD) were measured at the total proximal femur and femoral neck using dual energy X-ray absorptiometry. Regression analysis was used to assess contributions of physical activity and calcium intake to BMC, residualized for bone area and body mass. Physical activity explained 11.6% of the variance in residualized BMC at the proximal femur and 14.3% at the femoral neck (p < 0.05). Calcium intake added to the variance explained at the proximal femur only (9.8%, p < 0.05). This study provides evidence for an association between BMC and habitual physical activity.