Published: Monday, 21th October 2024
The cost of living in Bosnia and Herzegovina is 4.88 times less expensive as compared to Monaco.
On this page, you will find side-by-side cost comparison between Bosnia and Herzegovina and Monaco. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Bosnia and Herzegovina and Monaco.
We always try to give you the latest data, but sometimes mistakes might occur. If you think some content on our site is not updated, please let us know by emailing us at: info.comparedoo@gmail.com
 Indicators  | Bosnia and Herzegovina  | Monaco  |
|---|---|---|
1 BHK Apartment in City Center  | 389.66 BAM (210.42 USD) | 3,500 EUR (3,892.35 USD) |
2 BHK Apartment in City Center  | 645 BAM (348.30 USD) | 6,000 EUR (6,672.60 USD) |
3 BHK Apartment in City Center  | 1,109 BAM (598.86 USD) | 9,000 EUR (10,008.90 USD) |
1 BHK Apartment outside City Center  | 289.70 BAM (156.44 USD) | 2,500 EUR (2,780.25 USD) |
2 BHK Apartment outside City Center  | 459 BAM (247.86 USD) | 4,000 EUR (4,448.40 USD) |
3 BHK Apartment outside City Center  | 643 BAM (347.22 USD) | 6,000 EUR (6,672.60 USD) |
Mortgage Rates Per Month  | 4.11 % | 1.5 % |
Realtor Commission  | 5 % | 5 % |
Property Taxes  | Yet to Update | Yet to Update |
The average housing cost in Bosnia and Herzegovina is 17.85 times less expensive than Monaco.
Indicators | Bosnia and Herzegovina | Monaco |
|---|---|---|
Basic Home Furnishing  | 1,000 BAM (540 USD) | 20,000 EUR (22,242 USD) |
Electricity Cost Per Month  | 50 BAM (27 USD) | 100 EUR (111.21 USD) |
Heating Cost Per Month  | 150 BAM (81 USD) | 150 EUR (166.82 USD) |
Cooling Cost Per Month  | 50 BAM (27 USD) | 80 EUR (88.97 USD) |
Water Supply Cost Per Month  | 20 BAM (10.80 USD) | 50 EUR (55.61 USD) |
If you lived in Bosnia and Herzegovina, instead of Monaco, you would have to pay 96.97% less for Utilities.
The basic home furnishing in Bosnia and Herzegovina costs 41.19 times less compared to Monaco.
Indicators | Bosnia and Herzegovina | Monaco |
|---|---|---|
Standard Wifi Cost Per Month  | 44 BAM (23.76 USD) | 60 EUR (66.73 USD) |
Mobile Phone Basic Plan Cost Per Month  | 20 BAM (10.80 USD) | 40 EUR (44.48 USD) |
Landline Basic Plan Cost Per Month  | 15 BAM (8.10 USD) | 30 EUR (33.36 USD) |
Cable TV Basic Plan Cost Per Month  | 25 BAM (13.50 USD) | 80 EUR (88.97 USD) |
The internet and communication costs 75.95% less in Bosnia and Herzegovina compared to Monaco.
Indicators | Bosnia and Herzegovina | Monaco |
|---|---|---|
Long Grain Rice (1 KG)  | 2.50 BAM (1.35 USD) | 3 EUR (3.34 USD) |
Milk (1 Liter)  | 2.23 BAM (1.20 USD) | 1.50 EUR (1.67 USD) |
Water (1 Liter)  | 1.70 BAM (0.92 USD) | 1 EUR (1.11 USD) |
Bread (500 gm)  | 1.65 BAM (0.89 USD) | 2 EUR (2.22 USD) |
Eggs (1 Dozen)  | 5.17 BAM (2.79 USD) | 3.50 EUR (3.89 USD) |
Cheese (1 KG)  | 11 BAM (5.94 USD) | 8 EUR (8.90 USD) |
Chicken Breast (1 KG)  | 5.58 BAM (3.01 USD) | 10 EUR (11.12 USD) |
In Bosnia and Herzegovina, the cost of 1 Liter Water and 1 Liter Milk is 1.31 times less expensive than the cost in Monaco.
If you lived in Bosnia and Herzegovina, instead of Monaco, you would have to pay 50.05% less for Groceries.
Indicators | Bosnia and Herzegovina | Monaco |
|---|---|---|
Apples (1 KG)  | 2.29 BAM (1.24 USD) | 3 EUR (3.34 USD) |
Bananas (1 KG)  | 1.25 BAM (0.68 USD) | 2.50 EUR (2.78 USD) |
Oranges (1 KG)  | 1.20 BAM (0.65 USD) | 3 EUR (3.34 USD) |
Tomatoes (1 KG)  | 3.31 BAM (1.79 USD) | 3 EUR (3.34 USD) |
Potatoes (1 KG)  | 1.58 BAM (0.85 USD) | 2 EUR (2.22 USD) |
Lemons (1 KG)  | 3 BAM (1.62 USD) | 3.50 EUR (3.89 USD) |
Onions (1 KG)  | 0.71 BAM (0.38 USD) | 2 EUR (2.22 USD) |
Lentils (1 KG)  | 3 BAM (1.62 USD) | 3.50 EUR (3.89 USD) |
If you lived in Bosnia and Herzegovina, instead of Monaco, you would have to pay 2.84 times less for Fruits and Vegetables.
Indicators | Bosnia and Herzegovina | Monaco |
|---|---|---|
Meal at a Resonable Restaurant  | 9.79 BAM (5.29 USD) | 20 EUR (22.24 USD) |
Three-Course Meal for Two  | 50 BAM (27 USD) | 80 EUR (88.97 USD) |
Fast Food Combo Meal  | 8.45 BAM (4.56 USD) | 8 EUR (8.90 USD) |
Normal Coffee  | 2.34 BAM (1.26 USD) | 3 EUR (3.34 USD) |
Soft Drink  | 2.61 BAM (1.41 USD) | 2.50 EUR (2.78 USD) |
Pizza for One  | 8 BAM (4.32 USD) | 15 EUR (16.68 USD) |
Take-Out Delivery Meal  | 10 BAM (5.40 USD) | 15 EUR (16.68 USD) |
Cigarette Pack of 20  | 6.08 BAM (3.28 USD) | 7 EUR (7.78 USD) |
Dining-Out costs 68.62% less in Bosnia and Herzegovina compared to Monaco.
Indicators | Bosnia and Herzegovina | Monaco |
|---|---|---|
Wine Mid-Range Bottle  | 17 BAM (9.18 USD) | 10 EUR (11.12 USD) |
Glass of Wine  | 5 BAM (2.70 USD) | 5 EUR (5.56 USD) |
Domestic Beer Half Liter  | 1.65 BAM (0.89 USD) | 3 EUR (3.34 USD) |
Imported Beer Half Liter  | 2.86 BAM (1.54 USD) | 4 EUR (4.45 USD) |
Domestic Alcohol 1 Liter  | 20 BAM (10.80 USD) | 10 EUR (11.12 USD) |
Branded Alcohol 1 Liter  | 30 BAM (16.20 USD) | 30 EUR (33.36 USD) |
If you lived in Bosnia and Herzegovina, instead of Monaco, you would have to pay 1.67 times less for usual hard drinks.
Indicators | Bosnia and Herzegovina | Monaco |
|---|---|---|
Monthly Public Transportation Pass  | 59.33 BAM (32.04 USD) | 30 EUR (33.36 USD) |
Single Public Transportation Ticket  | 1.50 BAM (0.81 USD) | 1 EUR (1.11 USD) |
Single Train Ticket  | 5 BAM (2.70 USD) | Yet to Update () |
Domestic Airplane Ticket  | 100 BAM (54 USD) | 50 EUR (55.61 USD) |
Taxi Start Fare  | 2 BAM (1.08 USD) | 10 EUR (11.12 USD) |
Taxi Rate Per Kilometer  | 3 BAM (1.62 USD) | 2 EUR (2.22 USD) |
Car Rental Per Day  | 50 BAM (27 USD) | 70 EUR (77.85 USD) |
Parking Fees in City Center Per Hour  | 2 BAM (1.08 USD) | 10 EUR (11.12 USD) |
Parking Fees outside City Center Per Hour  | 1 BAM (0.54 USD) | 5 EUR (5.56 USD) |
If you lived in Bosnia and Herzegovina, instead of Monaco, you would have to pay 1.64 times less for transportation.
Indicators | Bosnia and Herzegovina | Monaco |
|---|---|---|
Reasonable Vehicle Purchase Cost  | 42,377.19 BAM (22,883.68 USD) | 20,000 EUR (22,242 USD) |
Vehicle Registration Cost  | 50 BAM (27 USD) | 500 EUR (556.05 USD) |
Driving License Fees  | 100 BAM (54 USD) | 150 EUR (166.82 USD) |
Car Insurance Cost  | 400 BAM (216 USD) | 1,000 EUR (1,112.10 USD) |
Car Maintenance Cost  | 200 BAM (108 USD) | 500 EUR (556.05 USD) |
Car Loan Interest Rates  | 4 % | 5 % |
Fuel Per Liter  | 2.92 BAM (1.58 USD) | 1.70 EUR (1.89 USD) |
Fuel Per Gallon  | 9.90 BAM (5.35 USD) | 7 EUR (7.78 USD) |
Average Toll Fees  | 5 BAM 2.70 USD | Yet to Update |
You would have to pay 1.06 times less for Vehicle purchase, daily operation and maintenance in Bosnia and Herzegovina compared to that of Monaco.
Indicators | Bosnia and Herzegovina | Monaco |
|---|---|---|
Doctor Visit  | 20 BAM (10.80 USD) | 150 EUR (166.82 USD) |
Specialist Visit  | 50 BAM (27 USD) | 250 EUR (278.03 USD) |
Dentist Visit  | 30 BAM (16.20 USD) | 200 EUR (222.42 USD) |
Eye Exam  | 25 BAM (13.50 USD) | 100 EUR (111.21 USD) |
Mental Health Counseling  | 50 BAM (27 USD) | 150 EUR (166.82 USD) |
Preventive Health Screening  | 50 BAM (27 USD) | 100 EUR (111.21 USD) |
Physical Therapy  | 50 BAM (27 USD) | 100 EUR (111.21 USD) |
Emergency Room Visit  | 100 BAM (54 USD) | 500 EUR (556.05 USD) |
Hospital Stay Per Night  | 200 BAM (108 USD) | 800 EUR (889.68 USD) |
Vaccinations  | 30 BAM (16.20 USD) | 50 EUR (55.61 USD) |
Prescription Medication  | 10 BAM (5.40 USD) | 50 EUR (55.61 USD) |
Over the Counter Medication  | 5 BAM (2.70 USD) | 20 EUR (22.24 USD) |
Health Insurance Premiums  | 100 BAM (54 USD) | 300 EUR (333.63 USD) |
Health Insurance Deductibles  | 50 BAM (27 USD) | 200 EUR (222.42 USD) |
If you lived in Bosnia and Herzegovina, instead of Monaco, you would have to pay 7.94 times less for Health and Medical Treatment.
Indicators | Bosnia and Herzegovina | Monaco |
|---|---|---|
Cosmetic Procedures  | 200 BAM (108 USD) | 1,000 EUR (1,112.10 USD) |
Spa Treatment  | 50 BAM (27 USD) | 200 EUR (222.42 USD) |
Manicure Pedicure Cost  | 20 BAM (10.80 USD) | 50 EUR (55.61 USD) |
Optical Glasses Cost  | 100 BAM (54 USD) | 150 EUR (166.82 USD) |
Contact Lenses Cost  | 50 BAM (27 USD) | 50 EUR (55.61 USD) |
Haircuts  | 10 BAM (5.40 USD) | 25 EUR (27.80 USD) |
Hair Coloring  | 20 BAM (10.80 USD) | 100 EUR (111.21 USD) |
Shampoo Price  | 5 BAM (2.70 USD) | 5 EUR (5.56 USD) |
Toothpaste Price  | 3 BAM (1.62 USD) | 3 EUR (3.34 USD) |
If you lived in Bosnia and Herzegovina, instead of Monaco, you would have to pay 7.12 times less for Personal Care Items and Treatment.
Indicators | Bosnia and Herzegovina | Monaco |
|---|---|---|
Pair of Nike Running Shoes  | 178 BAM (96.12 USD) | 120 EUR (133.45 USD) |
Men's Shirt  | 50 BAM (27 USD) | 60 EUR (66.73 USD) |
Women's Dress  | 70 BAM (37.80 USD) | 80 EUR (88.97 USD) |
Summer Dress  | 50 BAM (27 USD) | 60 EUR (66.73 USD) |
Men's Suit  | 300 BAM (162 USD) | 300 EUR (333.63 USD) |
Men's Jeans  | 144 BAM (77.76 USD) | 80 EUR (88.97 USD) |
Women's Jeans  | 100 BAM (54 USD) | 80 EUR (88.97 USD) |
Men's Formal Shoes  | 144 BAM (77.76 USD) | 120 EUR (133.45 USD) |
Women's Formal Shoes  | 100 BAM (54 USD) | 120 EUR (133.45 USD) |
Men's Casual Shoes  | 100 BAM (54 USD) | 80 EUR (88.97 USD) |
Women's Casual Shoes  | 80 BAM (43.20 USD) | 80 EUR (88.97 USD) |
Underwear For Men  | 10 BAM (5.40 USD) | 10 EUR (11.12 USD) |
Underwear For Women  | 10 BAM (5.40 USD) | 15 EUR (16.68 USD) |
Socks For Men  | 5 BAM (2.70 USD) | 5 EUR (5.56 USD) |
Socks For Women  | 5 BAM (2.70 USD) | 5 EUR (5.56 USD) |
Wintercoat for Adults  | 200 BAM (108 USD) | 150 EUR (166.82 USD) |
Sportswear  | 80 BAM (43.20 USD) | 80 EUR (88.97 USD) |
If you lived in Bosnia and Herzegovina, instead of Monaco, you would have to pay 1.83 times less for Clothing and Footwear for Adults.
Indicators | Bosnia and Herzegovina | Monaco |
|---|---|---|
Children's Jeans  | 60 BAM (32.40 USD) | 50 EUR (55.61 USD) |
Children's Normal Sneakers  | 80 BAM (43.20 USD) | 60 EUR (66.73 USD) |
Children's Winter Coat  | 100 BAM (54 USD) | 80 EUR (88.97 USD) |
Daycare for Infant  | 275.19 BAM (148.60 USD) | 1,000 EUR (1,112.10 USD) |
Daycare for Toddler  | 275.19 BAM (148.60 USD) | 800 EUR (889.68 USD) |
Childcare for Sick Days  | 100 BAM (54 USD) | 100 EUR (111.21 USD) |
Early Childhood Education Programs  | 200 BAM (108 USD) | 500 EUR (556.05 USD) |
Extra Curricular Activities  | 50 BAM (27 USD) | 200 EUR (222.42 USD) |
Summer Camp for Kids  | 200 BAM (108 USD) | 800 EUR (889.68 USD) |
If you lived in Bosnia and Herzegovina, instead of Monaco, you would have to pay 5.52 times less for Childcare and kids clothing.
Indicators | Bosnia and Herzegovina | Monaco |
|---|---|---|
PreSchool Fees  | 275.19 BAM (148.60 USD) | 1,500 EUR (1,668.15 USD) |
Primary School Fees  | 2,000 BAM (1,080 USD) | 2,000 EUR (2,224.20 USD) |
Secondary School Fees  | 3,000 BAM (1,620 USD) | 3,000 EUR (3,336.30 USD) |
Private School Fees  | 4,000 BAM (2,160 USD) | 5,000 EUR (5,560.50 USD) |
University Tuition Fees  | 3,000 BAM (1,620 USD) | 20,000 EUR (22,242 USD) |
University Private Tuition Fees  | 5,000 BAM (2,700 USD) | 40,000 EUR (44,484 USD) |
After School Activities  | 50 BAM (27 USD) | 200 EUR (222.42 USD) |
Special Education Services  | 300 BAM (162 USD) | 400 EUR (444.84 USD) |
Tutoring  | 20 BAM (10.80 USD) | 100 EUR (111.21 USD) |
Textbooks Cost  | 100 BAM (54 USD) | 50 EUR (55.61 USD) |
School Supplies  | 50 BAM (27 USD) | 30 EUR (33.36 USD) |
If you lived in Bosnia and Herzegovina, instead of Monaco, you would have to pay 8.36 times less for school and education.
Indicators | Bosnia and Herzegovina | Monaco |
|---|---|---|
Movie Ticket (Single)  | 7.38 BAM (3.99 USD) | 15 EUR (16.68 USD) |
Theater Ticket (Single)  | 20 BAM (10.80 USD) | 50 EUR (55.61 USD) |
Concert Ticket (Single)  | 30 BAM (16.20 USD) | 60 EUR (66.73 USD) |
Sports Event Ticket (Single)  | 15 BAM (8.10 USD) | 50 EUR (55.61 USD) |
Gym Membership  | 44.42 BAM (23.99 USD) | 60 EUR (66.73 USD) |
Swimming Pool Access  | 20 BAM (10.80 USD) | 40 EUR (44.48 USD) |
Museum Entry Ticket  | 5 BAM (2.70 USD) | 10 EUR (11.12 USD) |
Zoo Entry Ticket  | 5 BAM (2.70 USD) | 20 EUR (22.24 USD) |
Amusement Park Entry Ticket  | 10 BAM (5.40 USD) | 30 EUR (33.36 USD) |
Bowling  | 10 BAM (5.40 USD) | 20 EUR (22.24 USD) |
Mini Golf  | 10 BAM (5.40 USD) | 15 EUR (16.68 USD) |
Video Games  | 50 BAM (27 USD) | 40 EUR (44.48 USD) |
Streaming Services  | 10 BAM (5.40 USD) | 15 EUR (16.68 USD) |
Outdoor Equipment Rental  | 20 BAM (10.80 USD) | 30 EUR (33.36 USD) |
Theme Park Annual Pass  | 100 BAM (54 USD) | 500 EUR (556.05 USD) |
If you lived in Bosnia and Herzegovina, instead of Monaco, you would have to pay 5.51 times less for entertainment, recreation and fun activities.
Indicators | Bosnia and Herzegovina | Monaco |
|---|---|---|
Language Classes  | 50 BAM (27 USD) | 300 EUR (333.63 USD) |
Parenting Classes  | 50 BAM (27 USD) | 150 EUR (166.82 USD) |
Art Classes  | 20 BAM (10.80 USD) | 30 EUR (33.36 USD) |
Fitness Classes  | 15 BAM (8.10 USD) | 20 EUR (22.24 USD) |
Music Lessons  | 20 BAM (10.80 USD) | 50 EUR (55.61 USD) |
Dance Lessons  | 20 BAM (10.80 USD) | 50 EUR (55.61 USD) |
Reading Materials for Classes  | 10 BAM (5.40 USD) | 10 EUR (11.12 USD) |
Educational Software  | 100 BAM (54 USD) | 150 EUR (166.82 USD) |
If you lived in Bosnia and Herzegovina, instead of Monaco, you would have to pay 5.49 times less for Private Classes.
Indicators | Bosnia and Herzegovina | Monaco |
|---|---|---|
Average Gross Monthly Salary  | 1,500 BAM (810 USD) | 5,000 EUR (5,560.50 USD) |
Average Net Monthly Salary  | 1,000 BAM (540 USD) | 3,500 EUR (3,892.35 USD) |
Minimum Wages  | 15 BAM per hour (8.10 USD) | 66.67 EUR per hour (74.14 USD) |
Average Bonus  | 100 BAM (54 USD) | 5,000 EUR (5,560.50 USD) |
Income Tax Rate  | 0 to 17 % | 0 to 20 % |
Social Security Contributions  | 17 % | Yet to Update |
Pension Contributions  | 6 % | Yet to Update |
Cost of Living Index  | 40 | 12 |
Median Household Income  | 2,000 BAM (1,080 USD) | 7,000 EUR (7,784.70 USD) |
If you lived in Bosnia and Herzegovina, you would earn 9.18 times less salary as compared to Monaco.
Indicators | Bosnia and Herzegovina | Monaco |
|---|---|---|
Legal Consultation Per Hour Rate  | 50 BAM (27 USD) | 300 EUR (333.63 USD) |
Accounting Services Per Hour Rate  | 30 BAM (16.20 USD) | 250 EUR (278.03 USD) |
IT Support Services Per Hour Rate  | 40 BAM (21.60 USD) | 200 EUR (222.42 USD) |
Technician Services Per Hour Rate  | 30 BAM (16.20 USD) | 150 EUR (166.82 USD) |
Professional Services cost 12.36 times less in Bosnia and Herzegovina, as compared to Monaco.
We hope you enjoyed the detailed guide on the cost of living comparsion between Bosnia and Herzegovina and Monaco.
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