Osteoporosis is one of the most common diseases that leads to bone fractures. Dual-energy X-ray absorptiometry is currently employed to measure the bone mineral density and to diagnose osteoporosis. Alternatively, the dielectric properties of bones are found to be influenced by bone mineral density; hence, dielectric properties of bones may potentially be used to diagnose osteoporosis. Microwave tomographic imaging is currently in development to potentially measure in vivo dielectric properties of bone. Therefore, the foci of this work are to summarize all available dielectric data of bone in the microwave frequency range and to analyze the confounders that may have resulted in variations in reported data. This study also compares the relationship between the dielectric properties and bone quality reported across different studies. The review suggests that variations exist in the dielectric properties of bone and the relationship between bone volume fraction and dielectric properties is in agreement across all studies. Conversely, the evidence of a relationship between bone mineral density and dielectric properties is inconsistent across the studies. This summary of dielectric data of bone along with a comparison of the relationship between the dielectric properties and bone quality will accelerate the development of microwave tomographic imaging devices for the monitoring of osteoporosis.