Timonium, MD Cost Of Living
Cost Of Living In Timonium, MD Summary
Cost of living in Timonium research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Timonium is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Maryland, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Timonium is 131, with 100 being the average.
The cost of living index in Timonium is 1.3x higher than the national average.
Timonium ranks as the #117 cheapest in Maryland out of 194.
Timonium ranks as the #5,035 cheapest out of 6,489 in the US.
The median home value in Timonium is $514,831.
The median income in Timonium is $130,732.
Table Of Contents
Timonium's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Timonium, MD?
According to the most recent data on the cost of living, Timonium has an overall cost of living index of 131, which is 1.3x higher than the national index of 100.
Compared to Maryland, Timonium has a cost of living index that's 1.1x higher than Maryland's index of 121.
The standard of living in Timonium ranks as #117 most affordable out of the 194 places we measured in Maryland. By definition, that implies Timonium ranks as the #77 most expensive place in the Old Line State.
For more reading on life in Timonium, check out:
In Maryland
In America
Timonium Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Timonium. Here is how it fairs on each of the criteria:
The Services index in Timonium is 104.
The Groceries index in Timonium is 106.
The Health index in Timonium is 99.
The Housing index in Timonium is 193.
The Transportation index in Timonium is 101.
The Utilities index in Timonium is 109.
| Living Expense | Timonium | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 131 | 121 | 100 | |
| Services | 104 | 105 | 100 | |
| Groceries | 106 | 107 | 100 | |
| Health | 99 | 96 | 100 | |
| Housing | 193 | 150 | 100 | |
| Transportation | 101 | 99 | 100 | |
| Utilities | 109 | 113 | 100 | |
Timonium, MD Housing Cost Breakdown
Housing swings affordability the most between places in Maryland, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Timonium is $514,831.
The Median Rent in Timonium is $1,790.
The Median Income in Timonium is $130,732.
The Home Value To Income in Timonium is 3.9x.
The Rent To Monthly Income in Timonium is 0.16x.
Median Home Value
Median Rent
Median Income
Timonium, MD Costs By Category
Detailed Timonium Services Costs Vs. Maryland
Detailed Timonium Groceries Costs Vs. Maryland
Detailed Timonium Health Costs Vs. Maryland
Detailed Timonium Transportation Costs Vs. Maryland
Detailed Timonium Utilities Costs Vs. Maryland
Timonium SnackAbility
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Cost Of Living In Cities Around Timonium
The cost of living varies in the cities and towns around Timonium. Here's a quick look at the cost of living in the most populous nearby places:
Bel Air South, MD has a cost of living index of 119, 0.9x Timonium.
Towson, MD has a cost of living index of 127, 1.0x Timonium.
Pikesville, MD has a cost of living index of 125, 1.0x Timonium.
| City | Population | Cost Of Living | Vs. Timonium |
|---|---|---|---|
| Bel Air South, MD | 57,702 | 119 | 0.9x |
| Towson, MD | 57,683 | 127 | 1.0x |
| Pikesville, MD | 34,253 | 125 | 1.0x |
| Bel Air North, MD | 31,599 | 128 | 1.0x |
| Eldersburg, MD | 30,626 | 127 | 1.0x |
| Parkville, MD | 30,423 | 109 | 0.8x |
| Perry Hall, MD | 28,908 | 116 | 0.9x |
| Carney, MD | 28,624 | 115 | 0.9x |
| Ilchester, MD | 27,552 | 136 | 1.0x |
| Elkridge, MD | 26,183 | 131 | 1.0x |
