Timonium, MD

Very High · 137

Maryland · Population 10,880 · Updated March 2026

$1,790
Median Rent / Month
$130,732
Median Income
$478,800
Median Home Value
$1,920
Owner Costs / Month

Affordability

How far your income goes in Timonium

16.4%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Maryland

State-level tax rates that affect your costs

5.75%
Income Tax (Top Rate)
6.0%
Sales Tax
1.07%
Property Tax Rate

Estimated Annual Costs

$21,480
Annual Rent
$7,517
State Income Tax
$5,123
Property Tax (est.)

Cost of Living Overview

Timonium has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 137 (where 100 equals the national median), Timonium residents can expect to pay median rent of $1,790/month while earning a median household income of $130,732/year.

The median home value in Timonium, MD is $478,800, with typical monthly owner costs around $1,920 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Maryland has a moderate income tax rate of 5.75%. Combined with a 6.0% sales tax rate and 1.07% effective property tax rate, the overall tax environment is a factor in the total cost of living in Timonium.

Frequently Asked Questions

Common questions about living costs in Timonium

What is the cost of living in Timonium, MD?
The cost of living index in Timonium, MD is 137 (US average = 100). Median monthly rent is $1,790, median household income is $130,732/year, and the median home value is $478,800.
Is Timonium, MD affordable?
No, Timonium is more expensive than the national average with a cost index of 137. The rent-to-income ratio is 16.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Timonium, MD?
The median gross rent in Timonium, MD is $1,790 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,480.
What is the median household income in Timonium?
The median household income in Timonium, MD is $130,732 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Maryland?
Maryland has a top income tax rate of 5.75%, a sales tax of 6.0%, and an effective property tax rate of 1.07%.