Cost of Living in Timonium, MD

Population 10,880 · Maryland · Data vintage 2023

149

Cost Index
(100 = US avg)

Page updated: April 2026 · Data vintage: 2023 ACS 5-Year

Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Timonium a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $479,000.

Geographically, Timonium sits roughly 10 miles north of Baltimore. Median home values run roughly 118% higher than Baltimore's $219,000.

Cost Overview

Housing 157

Rent 136

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Timonium

The median home value in Timonium is $478,800 — 57% above the national median of $305,000. Median rent runs $1,790/month, 36% higher than the national median of $1,314/month. The median household income of $130,732/year is 75% higher than the US median of $74,580. The local unemployment rate is 4.5%, below the national average of 4.8%. Maryland's top state income tax rate is 5.8% and the combined sales tax is 6.0%. Overall, Timonium has a cost of living index of 149 versus the US average of 100, meaning it is 49% more expensive.

🏠 Housing

Median Home Value

$478,800

57% above avg

Median Rent

$1,790/mo

36% above avg

Price-to-Rent Ratio

22.3x

Favors renting

Property Tax Rate

1.1%

Effective rate

HUD Fair Market Rents by Bedroom

Studio

$1,407

1 BR

$1,604

2 BR

$1,898

3 BR

$2,407

4 BR

$2,822

Owner-occupied 79.5%

Renter-occupied 20.5%

💰 Estimated Monthly Budget

Rent median rent

$1,790

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $2,404/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚

Eggs (dozen)

$0.548

🍞

White Bread (lb)

$1.912

🥩

Ground Beef (lb)

$5.61

🚗 Transportation

Avg Commute

26.3 min

3% below avg

Gas Price

$3.145/gal

0% below avg

Work From Home

22.4%

Commute Mode

Drove alone

69.2%

Carpooled

6.3%

Public transit

0.9%

Walked

0.3%

Bicycle

0.3%

Work from home

22.4%

⚡ Utilities

Electricity

$0.176/kWh

0% below avg

📋 Taxes

State Income Tax 5.8%

Total Sales Tax 6.0%

State rate 6.0%

Avg local rate 0.0%

Property Tax 1.1%

💼 Income & Employment

Median Household Income

$130,732

75% above avg

Per Capita Income

$63,219

Unemployment Rate

4.5%

6% below avg

Poverty Rate

5.1%

Labor Force Participation

58.2%

🎓 Education

Bachelor's degree+ 32.7%

Graduate degree 30.3%

👥 Demographics

Median Age 48.7

Male median age 46.6

Female median age 49.5

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 45 — Good

62.5%

Good air days/yr

205

Max AQI recorded

127

PM2.5 days

231

Ozone days

Frequently Asked Questions

What is the cost of living in Timonium, MD?

Timonium has a cost index of 149 (100 = national average). It is 49% above the national average.

What is average rent in Timonium, MD?

The median gross rent in Timonium is $1,790 per month based on 2023 Census data.

What is the average home price in Timonium?

The median home value in Timonium is $478,800 according to 2023 Census ACS data.

What is the median income in Timonium?

The median household income in Timonium is $130,732 per year (2023 ACS 5-year estimates).

What is the sales tax in Timonium, MD?

The combined state and local sales tax rate in Timonium is 6.0%. The Maryland state income tax top rate is 5.8%.

Is Timonium, MD affordable?

Timonium is above average in cost of living, with an index of 149 — about 49% higher than the national average.

Timonium at a Glance

Population: 10,880
Median Income: $130,732
Home Value: $478,800
Median Rent: $1,790/mo
Unemployment: 4.5%
Sales Tax: 6.0%

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