Layered single crystals of the TlGa0.5Fe0.5Se2 alloy in a dc electric field at temperatures ranging from 128 to 178 K are found to possess variable-range-hopping conduction along natural crystal layers through states localized in the vicinity of the Fermi level. The parameters characterizing the electrical conduction in the TlGa0.5Fe0.5Se2 crystals are estimated as follows: the density of states near the Fermi level NF = 2.8 × 1017 eV−1 cm−3, the spread in energy of these states ΔE = 0.13 eV, the average hopping length Rav = 233 A, and the concentration of deep-lying traps N t = 3.6 × 1016 cm−3.