Timonium, MD is a city located in Baltimore County with a unique mix of businesses and attractions. Popular companies with their headquarters in this area include Henderson-Webb, Inc., PNC Bank, and MECU Credit Union. The cost of rent in Timonium is slightly higher than the US average at $1,460 for a 2 bedroom apartment. Despite the higher rent, residents are able to take advantage of the lower grocery cost index with prices at 105 versus 100 in the US on average. Whether you're looking for work or a place to call home, Timonium provides plenty of opportunity for growth.
Timonium has an unemployment rate of 6.0%. The US average is 6.0%.
Timonium has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Timonium
- The Sales Tax Rate for Timonium is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Timonium is 7.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Timonium
- The average income of a Timonium resident is $51,460 a year. The US average is $37,638 a year.
- The Median household income of a Timonium resident is $117,574 a year. The US average is $69,021 a year.