Published: Monday, 21th October 2024
The cost of living in Iceland is 1.49 times more expensive as compared to Bosnia and Herzegovina.
On this page, you will find side-by-side cost comparison between Iceland and Bosnia and Herzegovina. 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 Iceland and Bosnia and Herzegovina.
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  | Iceland  | Bosnia and Herzegovina  |
|---|---|---|
1 BHK Apartment in City Center  | 200,000 ISK (1,420 USD) | 389.66 BAM (210.42 USD) |
2 BHK Apartment in City Center  | 300,000 ISK (2,130 USD) | 645 BAM (348.30 USD) |
3 BHK Apartment in City Center  | 400,000 ISK (2,840 USD) | 1,109 BAM (598.86 USD) |
1 BHK Apartment outside City Center  | 150,000 ISK (1,065 USD) | 289.70 BAM (156.44 USD) |
2 BHK Apartment outside City Center  | 200,000 ISK (1,420 USD) | 459 BAM (247.86 USD) |
3 BHK Apartment outside City Center  | 300,000 ISK (2,130 USD) | 643 BAM (347.22 USD) |
Mortgage Rates Per Month  | 4 % | 4.11 % |
Realtor Commission  | 2 % | 5 % |
Property Taxes  | 0.2 to 1.65 % | Yet to Update |
The average housing cost in Iceland is 5.70 times more expensive than Bosnia and Herzegovina.
Indicators | Iceland | Bosnia and Herzegovina |
|---|---|---|
Basic Home Furnishing  | 300,000 ISK (2,130 USD) | 1,000 BAM (540 USD) |
Electricity Cost Per Month  | 20,000 ISK (142 USD) | 50 BAM (27 USD) |
Heating Cost Per Month  | 25,000 ISK (177.50 USD) | 150 BAM (81 USD) |
Cooling Cost Per Month  | 10,000 ISK (71 USD) | 50 BAM (27 USD) |
Water Supply Cost Per Month  | 5,000 ISK (35.50 USD) | 20 BAM (10.80 USD) |
If you lived in Iceland, instead of Bosnia and Herzegovina, you would have to pay 272.70% more for Utilities.
The basic home furnishing in Iceland costs 3.94 times more compared to Bosnia and Herzegovina.
Indicators | Iceland | Bosnia and Herzegovina |
|---|---|---|
Standard Wifi Cost Per Month  | 10,000 ISK (71 USD) | 44 BAM (23.76 USD) |
Mobile Phone Basic Plan Cost Per Month  | 5,000 ISK (35.50 USD) | 20 BAM (10.80 USD) |
Landline Basic Plan Cost Per Month  | 3,000 ISK (21.30 USD) | 15 BAM (8.10 USD) |
Cable TV Basic Plan Cost Per Month  | 8,000 ISK (56.80 USD) | 25 BAM (13.50 USD) |
The internet and communication costs 228.70% more in Iceland compared to Bosnia and Herzegovina.
Indicators | Iceland | Bosnia and Herzegovina |
|---|---|---|
Long Grain Rice (1 KG)  | 500 ISK (3.55 USD) | 2.50 BAM (1.35 USD) |
Milk (1 Liter)  | 250 ISK (1.78 USD) | 2.23 BAM (1.20 USD) |
Water (1 Liter)  | 50 ISK (0.36 USD) | 1.70 BAM (0.92 USD) |
Bread (500 gm)  | 150 ISK (1.07 USD) | 1.65 BAM (0.89 USD) |
Eggs (1 Dozen)  | 500 ISK (3.55 USD) | 5.17 BAM (2.79 USD) |
Cheese (1 KG)  | 1,200 ISK (8.52 USD) | 11 BAM (5.94 USD) |
Chicken Breast (1 KG)  | 1,000 ISK (7.10 USD) | 5.58 BAM (3.01 USD) |
In Iceland, the cost of 1 Liter Water and 1 Liter Milk is 1.00 times more expensive than the cost in Bosnia and Herzegovina.
If you lived in Iceland, instead of Bosnia and Herzegovina, you would have to pay 60.88% more for Groceries.
Indicators | Iceland | Bosnia and Herzegovina |
|---|---|---|
Apples (1 KG)  | 800 ISK (5.68 USD) | 2.29 BAM (1.24 USD) |
Bananas (1 KG)  | 600 ISK (4.26 USD) | 1.25 BAM (0.68 USD) |
Oranges (1 KG)  | 700 ISK (4.97 USD) | 1.20 BAM (0.65 USD) |
Tomatoes (1 KG)  | 500 ISK (3.55 USD) | 3.31 BAM (1.79 USD) |
Potatoes (1 KG)  | 400 ISK (2.84 USD) | 1.58 BAM (0.85 USD) |
Lemons (1 KG)  | 700 ISK (4.97 USD) | 3 BAM (1.62 USD) |
Onions (1 KG)  | 600 ISK (4.26 USD) | 0.71 BAM (0.38 USD) |
Lentils (1 KG)  | 600 ISK (4.26 USD) | 3 BAM (1.62 USD) |
If you lived in Iceland, instead of Bosnia and Herzegovina, you would have to pay 3.94 times more for Fruits and Vegetables.
Indicators | Iceland | Bosnia and Herzegovina |
|---|---|---|
Meal at a Resonable Restaurant  | 3,500 ISK (24.85 USD) | 9.79 BAM (5.29 USD) |
Three-Course Meal for Two  | 8,000 ISK (56.80 USD) | 50 BAM (27 USD) |
Fast Food Combo Meal  | 1,500 ISK (10.65 USD) | 8.45 BAM (4.56 USD) |
Normal Coffee  | 500 ISK (3.55 USD) | 2.34 BAM (1.26 USD) |
Soft Drink  | 300 ISK (2.13 USD) | 2.61 BAM (1.41 USD) |
Pizza for One  | 2,500 ISK (17.75 USD) | 8 BAM (4.32 USD) |
Take-Out Delivery Meal  | 3,000 ISK (21.30 USD) | 10 BAM (5.40 USD) |
Cigarette Pack of 20  | 1,500 ISK (10.65 USD) | 6.08 BAM (3.28 USD) |
Dining-Out costs 181.16% more in Iceland compared to Bosnia and Herzegovina.
Indicators | Iceland | Bosnia and Herzegovina |
|---|---|---|
Wine Mid-Range Bottle  | 2,000 ISK (14.20 USD) | 17 BAM (9.18 USD) |
Glass of Wine  | 1,200 ISK (8.52 USD) | 5 BAM (2.70 USD) |
Domestic Beer Half Liter  | 600 ISK (4.26 USD) | 1.65 BAM (0.89 USD) |
Imported Beer Half Liter  | 800 ISK (5.68 USD) | 2.86 BAM (1.54 USD) |
Domestic Alcohol 1 Liter  | 3,000 ISK (21.30 USD) | 20 BAM (10.80 USD) |
Branded Alcohol 1 Liter  | 4,000 ISK (28.40 USD) | 30 BAM (16.20 USD) |
If you lived in Iceland, instead of Bosnia and Herzegovina, you would have to pay 1.99 times more for usual hard drinks.
Indicators | Iceland | Bosnia and Herzegovina |
|---|---|---|
Monthly Public Transportation Pass  | 15,000 ISK (106.50 USD) | 59.33 BAM (32.04 USD) |
Single Public Transportation Ticket  | 400 ISK (2.84 USD) | 1.50 BAM (0.81 USD) |
Single Train Ticket  | Yet to Update () | 5 BAM (2.70 USD) |
Domestic Airplane Ticket  | 30,000 ISK (213 USD) | 100 BAM (54 USD) |
Taxi Start Fare  | 800 ISK (5.68 USD) | 2 BAM (1.08 USD) |
Taxi Rate Per Kilometer  | 200 ISK (1.42 USD) | 3 BAM (1.62 USD) |
Car Rental Per Day  | 10,000 ISK (71 USD) | 50 BAM (27 USD) |
Parking Fees in City Center Per Hour  | 500 ISK (3.55 USD) | 2 BAM (1.08 USD) |
Parking Fees outside City Center Per Hour  | 300 ISK (2.13 USD) | 1 BAM (0.54 USD) |
If you lived in Iceland, instead of Bosnia and Herzegovina, you would have to pay 3.36 times more for transportation.
Indicators | Iceland | Bosnia and Herzegovina |
|---|---|---|
Reasonable Vehicle Purchase Cost  | 4,000,000 ISK (28,400 USD) | 42,377.19 BAM (22,883.68 USD) |
Vehicle Registration Cost  | 15,000 ISK (106.50 USD) | 50 BAM (27 USD) |
Driving License Fees  | 5,000 ISK (35.50 USD) | 100 BAM (54 USD) |
Car Insurance Cost  | 40,000 ISK (284 USD) | 400 BAM (216 USD) |
Car Maintenance Cost  | 15,000 ISK (106.50 USD) | 200 BAM (108 USD) |
Car Loan Interest Rates  | 5 % | 4 % |
Fuel Per Liter  | 250 ISK (1.78 USD) | 2.92 BAM (1.58 USD) |
Fuel Per Gallon  | 1,200 ISK (8.52 USD) | 9.90 BAM (5.35 USD) |
Average Toll Fees  | 1,000 ISK 7.10 USD | 5 BAM 2.70 USD |
You would have to pay 1.24 times more for Vehicle purchase, daily operation and maintenance in Iceland compared to that of Bosnia and Herzegovina.
Indicators | Iceland | Bosnia and Herzegovina |
|---|---|---|
Doctor Visit  | 5,000 ISK (35.50 USD) | 20 BAM (10.80 USD) |
Specialist Visit  | 10,000 ISK (71 USD) | 50 BAM (27 USD) |
Dentist Visit  | 8,000 ISK (56.80 USD) | 30 BAM (16.20 USD) |
Eye Exam  | 3,000 ISK (21.30 USD) | 25 BAM (13.50 USD) |
Mental Health Counseling  | 8,000 ISK (56.80 USD) | 50 BAM (27 USD) |
Preventive Health Screening  | 4,000 ISK (28.40 USD) | 50 BAM (27 USD) |
Physical Therapy  | 6,000 ISK (42.60 USD) | 50 BAM (27 USD) |
Emergency Room Visit  | 15,000 ISK (106.50 USD) | 100 BAM (54 USD) |
Hospital Stay Per Night  | 25,000 ISK (177.50 USD) | 200 BAM (108 USD) |
Vaccinations  | 2,500 ISK (17.75 USD) | 30 BAM (16.20 USD) |
Prescription Medication  | 1,500 ISK (10.65 USD) | 10 BAM (5.40 USD) |
Over the Counter Medication  | 800 ISK (5.68 USD) | 5 BAM (2.70 USD) |
Health Insurance Premiums  | 20,000 ISK (142 USD) | 100 BAM (54 USD) |
Health Insurance Deductibles  | 5,000 ISK (35.50 USD) | 50 BAM (27 USD) |
If you lived in Iceland, instead of Bosnia and Herzegovina, you would have to pay 1.94 times more for Health and Medical Treatment.
Indicators | Iceland | Bosnia and Herzegovina |
|---|---|---|
Cosmetic Procedures  | 30,000 ISK (213 USD) | 200 BAM (108 USD) |
Spa Treatment  | 10,000 ISK (71 USD) | 50 BAM (27 USD) |
Manicure Pedicure Cost  | 3,000 ISK (21.30 USD) | 20 BAM (10.80 USD) |
Optical Glasses Cost  | 10,000 ISK (71 USD) | 100 BAM (54 USD) |
Contact Lenses Cost  | 5,000 ISK (35.50 USD) | 50 BAM (27 USD) |
Haircuts  | 2,000 ISK (14.20 USD) | 10 BAM (5.40 USD) |
Hair Coloring  | 6,000 ISK (42.60 USD) | 20 BAM (10.80 USD) |
Shampoo Price  | 500 ISK (3.55 USD) | 5 BAM (2.70 USD) |
Toothpaste Price  | 200 ISK (1.42 USD) | 3 BAM (1.62 USD) |
If you lived in Iceland, instead of Bosnia and Herzegovina, you would have to pay 1.91 times more for Personal Care Items and Treatment.
Indicators | Iceland | Bosnia and Herzegovina |
|---|---|---|
Pair of Nike Running Shoes  | 15,000 ISK (106.50 USD) | 178 BAM (96.12 USD) |
Men's Shirt  | 5,000 ISK (35.50 USD) | 50 BAM (27 USD) |
Women's Dress  | 10,000 ISK (71 USD) | 70 BAM (37.80 USD) |
Summer Dress  | 5,000 ISK (35.50 USD) | 50 BAM (27 USD) |
Men's Suit  | 40,000 ISK (284 USD) | 300 BAM (162 USD) |
Men's Jeans  | 7,000 ISK (49.70 USD) | 144 BAM (77.76 USD) |
Women's Jeans  | 6,000 ISK (42.60 USD) | 100 BAM (54 USD) |
Men's Formal Shoes  | 7,000 ISK (49.70 USD) | 144 BAM (77.76 USD) |
Women's Formal Shoes  | 7,000 ISK (49.70 USD) | 100 BAM (54 USD) |
Men's Casual Shoes  | 5,000 ISK (35.50 USD) | 100 BAM (54 USD) |
Women's Casual Shoes  | 4,000 ISK (28.40 USD) | 80 BAM (43.20 USD) |
Underwear For Men  | 1,000 ISK (7.10 USD) | 10 BAM (5.40 USD) |
Underwear For Women  | 1,200 ISK (8.52 USD) | 10 BAM (5.40 USD) |
Socks For Men  | 300 ISK (2.13 USD) | 5 BAM (2.70 USD) |
Socks For Women  | 400 ISK (2.84 USD) | 5 BAM (2.70 USD) |
Wintercoat for Adults  | 8,000 ISK (56.80 USD) | 200 BAM (108 USD) |
Sportswear  | 6,000 ISK (42.60 USD) | 80 BAM (43.20 USD) |
If you lived in Iceland, instead of Bosnia and Herzegovina, you would have to pay 1.03 times more for Clothing and Footwear for Adults.
Indicators | Iceland | Bosnia and Herzegovina |
|---|---|---|
Children's Jeans  | 3,500 ISK (24.85 USD) | 60 BAM (32.40 USD) |
Children's Normal Sneakers  | 4,000 ISK (28.40 USD) | 80 BAM (43.20 USD) |
Children's Winter Coat  | 6,000 ISK (42.60 USD) | 100 BAM (54 USD) |
Daycare for Infant  | 25,000 ISK (177.50 USD) | 275.19 BAM (148.60 USD) |
Daycare for Toddler  | 20,000 ISK (142 USD) | 275.19 BAM (148.60 USD) |
Childcare for Sick Days  | 1,500 ISK (10.65 USD) | 100 BAM (54 USD) |
Early Childhood Education Programs  | 6,000 ISK (42.60 USD) | 200 BAM (108 USD) |
Extra Curricular Activities  | 3,000 ISK (21.30 USD) | 50 BAM (27 USD) |
Summer Camp for Kids  | 8,000 ISK (56.80 USD) | 200 BAM (108 USD) |
If you lived in Iceland, instead of Bosnia and Herzegovina, you would have to pay 1.32 times less for Childcare and kids clothing.
Indicators | Iceland | Bosnia and Herzegovina |
|---|---|---|
PreSchool Fees  | 30,000 ISK (213 USD) | 275.19 BAM (148.60 USD) |
Primary School Fees  | 40,000 ISK (284 USD) | 2,000 BAM (1,080 USD) |
Secondary School Fees  | 60,000 ISK (426 USD) | 3,000 BAM (1,620 USD) |
Private School Fees  | 80,000 ISK (568 USD) | 4,000 BAM (2,160 USD) |
University Tuition Fees  | 150,000 ISK (1,065 USD) | 3,000 BAM (1,620 USD) |
University Private Tuition Fees  | 200,000 ISK (1,420 USD) | 5,000 BAM (2,700 USD) |
After School Activities  | 5,000 ISK (35.50 USD) | 50 BAM (27 USD) |
Special Education Services  | 7,000 ISK (49.70 USD) | 300 BAM (162 USD) |
Tutoring  | 5,000 ISK (35.50 USD) | 20 BAM (10.80 USD) |
Textbooks Cost  | 4,000 ISK (28.40 USD) | 100 BAM (54 USD) |
School Supplies  | 2,000 ISK (14.20 USD) | 50 BAM (27 USD) |
If you lived in Iceland, instead of Bosnia and Herzegovina, you would have to pay 2.32 times less for school and education.
Indicators | Iceland | Bosnia and Herzegovina |
|---|---|---|
Movie Ticket (Single)  | 1,000 ISK (7.10 USD) | 7.38 BAM (3.99 USD) |
Theater Ticket (Single)  | 2,000 ISK (14.20 USD) | 20 BAM (10.80 USD) |
Concert Ticket (Single)  | 2,500 ISK (17.75 USD) | 30 BAM (16.20 USD) |
Sports Event Ticket (Single)  | 1,500 ISK (10.65 USD) | 15 BAM (8.10 USD) |
Gym Membership  | 6,000 ISK (42.60 USD) | 44.42 BAM (23.99 USD) |
Swimming Pool Access  | 5,000 ISK (35.50 USD) | 20 BAM (10.80 USD) |
Museum Entry Ticket  | 1,000 ISK (7.10 USD) | 5 BAM (2.70 USD) |
Zoo Entry Ticket  | 1,500 ISK (10.65 USD) | 5 BAM (2.70 USD) |
Amusement Park Entry Ticket  | 2,000 ISK (14.20 USD) | 10 BAM (5.40 USD) |
Bowling  | 1,000 ISK (7.10 USD) | 10 BAM (5.40 USD) |
Mini Golf  | 1,500 ISK (10.65 USD) | 10 BAM (5.40 USD) |
Video Games  | 5,000 ISK (35.50 USD) | 50 BAM (27 USD) |
Streaming Services  | 1,000 ISK (7.10 USD) | 10 BAM (5.40 USD) |
Outdoor Equipment Rental  | 1,000 ISK (7.10 USD) | 20 BAM (10.80 USD) |
Theme Park Annual Pass  | 50,000 ISK (355 USD) | 100 BAM (54 USD) |
If you lived in Iceland, instead of Bosnia and Herzegovina, you would have to pay 3.02 times more for entertainment, recreation and fun activities.
Indicators | Iceland | Bosnia and Herzegovina |
|---|---|---|
Language Classes  | 5,000 ISK (35.50 USD) | 50 BAM (27 USD) |
Parenting Classes  | 5,000 ISK (35.50 USD) | 50 BAM (27 USD) |
Art Classes  | 3,000 ISK (21.30 USD) | 20 BAM (10.80 USD) |
Fitness Classes  | 6,000 ISK (42.60 USD) | 15 BAM (8.10 USD) |
Music Lessons  | 4,000 ISK (28.40 USD) | 20 BAM (10.80 USD) |
Dance Lessons  | 4,000 ISK (28.40 USD) | 20 BAM (10.80 USD) |
Reading Materials for Classes  | 1,000 ISK (7.10 USD) | 10 BAM (5.40 USD) |
Educational Software  | 3,000 ISK (21.30 USD) | 100 BAM (54 USD) |
If you lived in Iceland, instead of Bosnia and Herzegovina, you would have to pay 1.43 times more for Private Classes.
Indicators | Iceland | Bosnia and Herzegovina |
|---|---|---|
Average Gross Monthly Salary  | 450,000 ISK (3,195 USD) | 1,500 BAM (810 USD) |
Average Net Monthly Salary  | 350,000 ISK (2,485 USD) | 1,000 BAM (540 USD) |
Minimum Wages  | 6,666.67 ISK per hour (47.33 USD) | 15 BAM per hour (8.10 USD) |
Average Bonus  | 40,000 ISK (284 USD) | 100 BAM (54 USD) |
Income Tax Rate  | 0 to 24 % | 0 to 17 % |
Social Security Contributions  | 7 % | 17 % |
Pension Contributions  | 8 % | 6 % |
Cost of Living Index  | 12 | 40 |
Median Household Income  | 400,000 ISK (2,840 USD) | 2,000 BAM (1,080 USD) |
If you lived in Iceland, you would earn 3.55 times more salary as compared to Bosnia and Herzegovina.
Indicators | Iceland | Bosnia and Herzegovina |
|---|---|---|
Legal Consultation Per Hour Rate  | 10,000 ISK (71 USD) | 50 BAM (27 USD) |
Accounting Services Per Hour Rate  | 7,000 ISK (49.70 USD) | 30 BAM (16.20 USD) |
IT Support Services Per Hour Rate  | 5,000 ISK (35.50 USD) | 40 BAM (21.60 USD) |
Technician Services Per Hour Rate  | 4,000 ISK (28.40 USD) | 30 BAM (16.20 USD) |
Professional Services cost 2.28 times more in Iceland, as compared to Bosnia and Herzegovina.
We hope you enjoyed the detailed guide on the cost of living comparsion between Iceland and Bosnia and Herzegovina.
For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.
The Comparedoo.com family sincerely appreciates your time with us. We look forward to seeing you on our other pages.
