Timonium, MD Cost of Living


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How much do I need to live in Timonium, Maryland?
$7,230 / month
for a family, 33.9% more expensive than the national average A total of $86,760 for the year for a family.
$3,933 / month
for a single person, 17.5% less expensive than the national average A total of $47,200 for the year for a single person.

Timonium cost of living score
104.5
More expensive
4.5% higher
than the US average
6.5% lower
than the Maryland average
Timonium, Maryland gets a BestPlaces Cost of Living score of 104.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.5% higher than the U.S. average and 6.5% higher than the average for Maryland.

Timonium, MD

Housing costs in Timonium?
A typical home costs $452,200, which is 33.7% more expensive than the national average of $338,100 and 16.5% more expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Timonium costs $1,460 per month, which is 2.1% more than the national average of $1,430 and 11.0% cheaper than the state average of $1,620.

Can I afford Timonium?
To live comfortably in Timonium, Maryland, a minimum annual income of $86,760 for a family, and $47,200 for a single person is recommended.

What does A.I. say about Timonium?
Timonium, MD is a great place to live for those who are looking for an affordable cost of living. The average home price in Timonium is around $300,000, which is much lower than the national average and other parts of Maryland. Other costs such as groceries and utilities are also relatively low compared to other parts of the state, making it an attractive place for those looking for lower living costs. Additionally, with a wide range of rental options available including apartments and townhomes, there are many different ways to get the most out of your budget while still enjoying all that Timonium has to offer.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesTimoniumMarylandUnited States
    Unlock111.8100.0
  104.9  Unlock100.0
    Unlock84.2100.0
  139.5  Unlock100.0
    Unlock$388,100$338,100
  107.5  Unlock100.0
    Unlock119.3100.0
  120.7  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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