Timonium, MD Cost Of Living

The latest cost of living statistics for Timonium. Includes statistics on rent, mortgages, healthcare, and other costs for Timonium compared to the state and national averages.

Cost of living in Timonium, Maryland

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:

133 Cost of living index 1.3x higher vs US
#116 Cheapest in Maryland (of 195)
#5,080 Cheapest in the U.S. (of 6,489)
$492,026 Median home value
$1,836 Median rent
$119,863 Median income
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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 133, 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 #116 most affordable out of the 195 places we measured in Maryland. By definition, that implies Timonium ranks as the #79 most expensive place in the Old Line State.

For more reading on life in Timonium, check out:

Timonium Cost Of Living Vs. Maryland

Six factors go into calculating the cost of living index in Timonium. Here is how it fares on each of the criteria:

  • The Services index in Timonium is 103.

  • The Groceries index in Timonium is 109.

  • The Health index in Timonium is 192.

  • The Housing index in Timonium is 113.

  • The Transportation index in Timonium is 108.

  • The Utilities index in Timonium is 108.

Living Expense Timonium Maryland National Average
Overall 133 121 100
Services 103 104 100
Groceries 109 107 100
Health 192 152 100
Housing 113 109 100
Transportation 108 108 100
Utilities 108 109 100

Timonium Cost Of Living Compared To Maryland Averages

Services
Timonium 103
Maryland avg 104
Groceries
Timonium 109
Maryland avg 107
Health
Timonium 192
Maryland avg 152
Housing
Timonium 113
Maryland avg 109
Transportation
Timonium 108
Maryland avg 108
Utilities
Timonium 108
Maryland avg 109

Index where 100 = national average. Source: cost-of-living index 2026.

For more reading on cost of living around Maryland, check out:

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Source: Cost-of-living index 2026, normalized to US average = 100

Timonium, MD Housing Cost Breakdown

$492,026Median Home Value
$1,836Median Rent
$119,863Median Income

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 2020-2024. The key points are:

  • The Median Home Value in Timonium is $492,026.

  • The Median Rent in Timonium is $1,836.

  • The Median Income in Timonium is $119,863.

  • The Home Value To Income in Timonium is 4.1x.

  • The Rent To Monthly Income in Timonium is 0.18x.

Statistic Timonium Maryland United States
Median Home Value $492,026 $429,704 $332,700
Median Rent $1,836 $1,705 $1,413
Median Income $119,863 $103,678 $80,734
Home Value To Income 4.1x 4.1x 4.1x
Rent To Monthly Income 0.18x 0.2x 0.21x

Timonium, MD Costs By Category

Detailed Timonium Services costs vs. Maryland
Item Timonium Maryland
Shampoo $1.44 $1.28
Movie $13.69 $12.13
Bowling $23.03 $18
Haircut $28.33 $24.26
Beauty Salon $58.17 $45.56
Detailed Timonium Groceries costs vs. Maryland
Item Timonium Maryland
Ground Beef $6.23 $5.84
Fried Chicken $1.39 $1.57
Milk $4.73 $4.67
Potatoes $5.46 $4.93
Pizza $13.24 $12.09
Beer $10.36 $10.41
Toothpaste $3.69 $3.7
Detailed Timonium Health costs vs. Maryland
Item Timonium Maryland
Optometrist $114.22 $125.68
Doctor $133.22 $135.78
Dentist $117.22 $113.29
Detailed Timonium Transportation costs vs. Maryland
Item Timonium Maryland
Gasoline $3.46 $3.46
Tire Balancing $62.66 $59.92
Detailed Timonium Utilities costs vs. Maryland
Item Timonium Maryland
All Electricity $223.91 $193.99
Phone $199.62 $192.25

Timonium SnackAbility

7Overall SnackAbility
Jobs 8.5/10
Housing 9/10
Affordability 8/10
Diversity 8/10
SafetyN/A
Amenities 8.5/10
Education 9/10
Commute 6/10

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:

  • Towson, MD has a cost of living index of 135, 1.0x Timonium.

  • Bel Air South, MD has a cost of living index of 124, 0.9x Timonium.

  • Pikesville, MD has a cost of living index of 130, 1.0x Timonium.

City Population Cost Of Living Vs. Timonium
Towson, MD 58,679 135 1.0x
Bel Air South, MD 58,137 124 0.9x
Pikesville, MD 33,524 130 1.0x
Eldersburg, MD 31,695 134 1.0x
Bel Air North, MD 31,302 131 1.0x
Parkville, MD 30,549 109 0.8x
Perry Hall, MD 29,105 119 0.9x
Ilchester, MD 28,364 139 1.0x
Carney, MD 28,343 119 0.9x
Elkridge, MD 26,283 134 1.0x