salaryRent is higher than in 69% of U.S. cities. A typical house costs about 3.7 years of household income. Most homes (77.3%) are owned, so rentals can be hard to find. It is a highly educated city: 65% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $79,640 a year. That is $38 an hour at a full-time job.
Is rent cheaper than other Maryland cities?
Yes. Rent here is cheaper than in most of Maryland. It is number 96 of 200 cities from cheapest to most expensive.
How much do households earn in Timonium?
Share of households by yearly income. 50.2% of households earn $100,000 or more.
Rent by apartment size in Timonium
| Size | Timonium | U.S. average |
|---|---|---|
| 1 bedroom | $1,651 | $1,324 |
| 2 bedrooms | $2,017 | $1,509 |
| 3 bedrooms | $2,169 | $1,698 |
| 4 bedrooms | $2,979 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Timonium overall?
Everyday prices in Maryland overall are 5% above the U.S. average (index 105.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Timonium, so the Maryland figure is shown.
Taxes and bills in Timonium
Life in Timonium
Is it cheaper to rent or buy in Timonium?
Renting is cheaper right now: about $1,345 a month less.
Owning assumes a typical $480,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $48,080 for the down payment.
Frequently asked questions
What is the average rent in Timonium, MD?
Renting in Timonium costs a median of about $1,991 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in Timonium?
To keep rent under 30% of income, you need about $79,640 a year, or $38 an hour at a full-time job.
Is Timonium cheap or expensive?
Timonium is rated Cheap: rent takes 18.5% of the typical household income of $129,272. It ranks 96th cheapest of 200 Maryland cities we track.
How much are property taxes in Timonium?
The median homeowner in Timonium pays $5,272 a year in property taxes, about 1.10% of the median home value.
Is Timonium more expensive than the national average?
Overall prices in Maryland are 5% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Timonium?
The median home value in Timonium is $480,800, about 3.7 times the typical yearly household income.
10,304 people live in Timonium. Numbers are typical (middle) values.