Published: Monday, 21th October 2024
The cost of living in Monaco is 4.88 times more expensive as compared to Bosnia and Herzegovina.
On this page, you will find side-by-side cost comparison between Monaco 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 Monaco and Bosnia and Herzegovina.
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 Indicators  | Monaco  | Bosnia and Herzegovina  |
|---|---|---|
1 BHK Apartment in City Center  | 3,500 EUR (3,892.35 USD) | 389.66 BAM (210.42 USD) |
2 BHK Apartment in City Center  | 6,000 EUR (6,672.60 USD) | 645 BAM (348.30 USD) |
3 BHK Apartment in City Center  | 9,000 EUR (10,008.90 USD) | 1,109 BAM (598.86 USD) |
1 BHK Apartment outside City Center  | 2,500 EUR (2,780.25 USD) | 289.70 BAM (156.44 USD) |
2 BHK Apartment outside City Center  | 4,000 EUR (4,448.40 USD) | 459 BAM (247.86 USD) |
3 BHK Apartment outside City Center  | 6,000 EUR (6,672.60 USD) | 643 BAM (347.22 USD) |
Mortgage Rates Per Month  | 1.5 % | 4.11 % |
Realtor Commission  | 5 % | 5 % |
Property Taxes  | Yet to Update | Yet to Update |
The average housing cost in Monaco is 17.85 times more expensive than Bosnia and Herzegovina.
Indicators | Monaco | Bosnia and Herzegovina |
|---|---|---|
Basic Home Furnishing  | 20,000 EUR (22,242 USD) | 1,000 BAM (540 USD) |
Electricity Cost Per Month  | 100 EUR (111.21 USD) | 50 BAM (27 USD) |
Heating Cost Per Month  | 150 EUR (166.82 USD) | 150 BAM (81 USD) |
Cooling Cost Per Month  | 80 EUR (88.97 USD) | 50 BAM (27 USD) |
Water Supply Cost Per Month  | 50 EUR (55.61 USD) | 20 BAM (10.80 USD) |
If you lived in Monaco, instead of Bosnia and Herzegovina, you would have to pay 3204.84% more for Utilities.
The basic home furnishing in Monaco costs 41.19 times more compared to Bosnia and Herzegovina.
Indicators | Monaco | Bosnia and Herzegovina |
|---|---|---|
Standard Wifi Cost Per Month  | 60 EUR (66.73 USD) | 44 BAM (23.76 USD) |
Mobile Phone Basic Plan Cost Per Month  | 40 EUR (44.48 USD) | 20 BAM (10.80 USD) |
Landline Basic Plan Cost Per Month  | 30 EUR (33.36 USD) | 15 BAM (8.10 USD) |
Cable TV Basic Plan Cost Per Month  | 80 EUR (88.97 USD) | 25 BAM (13.50 USD) |
The internet and communication costs 315.85% more in Monaco compared to Bosnia and Herzegovina.
Indicators | Monaco | Bosnia and Herzegovina |
|---|---|---|
Long Grain Rice (1 KG)  | 3 EUR (3.34 USD) | 2.50 BAM (1.35 USD) |
Milk (1 Liter)  | 1.50 EUR (1.67 USD) | 2.23 BAM (1.20 USD) |
Water (1 Liter)  | 1 EUR (1.11 USD) | 1.70 BAM (0.92 USD) |
Bread (500 gm)  | 2 EUR (2.22 USD) | 1.65 BAM (0.89 USD) |
Eggs (1 Dozen)  | 3.50 EUR (3.89 USD) | 5.17 BAM (2.79 USD) |
Cheese (1 KG)  | 8 EUR (8.90 USD) | 11 BAM (5.94 USD) |
Chicken Breast (1 KG)  | 10 EUR (11.12 USD) | 5.58 BAM (3.01 USD) |
In Monaco, the cost of 1 Liter Water and 1 Liter Milk is 1.31 times more expensive than the cost in Bosnia and Herzegovina.
If you lived in Monaco, instead of Bosnia and Herzegovina, you would have to pay 100.21% more for Groceries.
Indicators | Monaco | Bosnia and Herzegovina |
|---|---|---|
Apples (1 KG)  | 3 EUR (3.34 USD) | 2.29 BAM (1.24 USD) |
Bananas (1 KG)  | 2.50 EUR (2.78 USD) | 1.25 BAM (0.68 USD) |
Oranges (1 KG)  | 3 EUR (3.34 USD) | 1.20 BAM (0.65 USD) |
Tomatoes (1 KG)  | 3 EUR (3.34 USD) | 3.31 BAM (1.79 USD) |
Potatoes (1 KG)  | 2 EUR (2.22 USD) | 1.58 BAM (0.85 USD) |
Lemons (1 KG)  | 3.50 EUR (3.89 USD) | 3 BAM (1.62 USD) |
Onions (1 KG)  | 2 EUR (2.22 USD) | 0.71 BAM (0.38 USD) |
Lentils (1 KG)  | 3.50 EUR (3.89 USD) | 3 BAM (1.62 USD) |
If you lived in Monaco, instead of Bosnia and Herzegovina, you would have to pay 2.84 times more for Fruits and Vegetables.
Indicators | Monaco | Bosnia and Herzegovina |
|---|---|---|
Meal at a Resonable Restaurant  | 20 EUR (22.24 USD) | 9.79 BAM (5.29 USD) |
Three-Course Meal for Two  | 80 EUR (88.97 USD) | 50 BAM (27 USD) |
Fast Food Combo Meal  | 8 EUR (8.90 USD) | 8.45 BAM (4.56 USD) |
Normal Coffee  | 3 EUR (3.34 USD) | 2.34 BAM (1.26 USD) |
Soft Drink  | 2.50 EUR (2.78 USD) | 2.61 BAM (1.41 USD) |
Pizza for One  | 15 EUR (16.68 USD) | 8 BAM (4.32 USD) |
Take-Out Delivery Meal  | 15 EUR (16.68 USD) | 10 BAM (5.40 USD) |
Cigarette Pack of 20  | 7 EUR (7.78 USD) | 6.08 BAM (3.28 USD) |
Dining-Out costs 218.65% more in Monaco compared to Bosnia and Herzegovina.
Indicators | Monaco | Bosnia and Herzegovina |
|---|---|---|
Wine Mid-Range Bottle  | 10 EUR (11.12 USD) | 17 BAM (9.18 USD) |
Glass of Wine  | 5 EUR (5.56 USD) | 5 BAM (2.70 USD) |
Domestic Beer Half Liter  | 3 EUR (3.34 USD) | 1.65 BAM (0.89 USD) |
Imported Beer Half Liter  | 4 EUR (4.45 USD) | 2.86 BAM (1.54 USD) |
Domestic Alcohol 1 Liter  | 10 EUR (11.12 USD) | 20 BAM (10.80 USD) |
Branded Alcohol 1 Liter  | 30 EUR (33.36 USD) | 30 BAM (16.20 USD) |
If you lived in Monaco, instead of Bosnia and Herzegovina, you would have to pay 1.67 times more for usual hard drinks.
Indicators | Monaco | Bosnia and Herzegovina |
|---|---|---|
Monthly Public Transportation Pass  | 30 EUR (33.36 USD) | 59.33 BAM (32.04 USD) |
Single Public Transportation Ticket  | 1 EUR (1.11 USD) | 1.50 BAM (0.81 USD) |
Single Train Ticket  | Yet to Update () | 5 BAM (2.70 USD) |
Domestic Airplane Ticket  | 50 EUR (55.61 USD) | 100 BAM (54 USD) |
Taxi Start Fare  | 10 EUR (11.12 USD) | 2 BAM (1.08 USD) |
Taxi Rate Per Kilometer  | 2 EUR (2.22 USD) | 3 BAM (1.62 USD) |
Car Rental Per Day  | 70 EUR (77.85 USD) | 50 BAM (27 USD) |
Parking Fees in City Center Per Hour  | 10 EUR (11.12 USD) | 2 BAM (1.08 USD) |
Parking Fees outside City Center Per Hour  | 5 EUR (5.56 USD) | 1 BAM (0.54 USD) |
If you lived in Monaco, instead of Bosnia and Herzegovina, you would have to pay 1.64 times more for transportation.
Indicators | Monaco | Bosnia and Herzegovina |
|---|---|---|
Reasonable Vehicle Purchase Cost  | 20,000 EUR (22,242 USD) | 42,377.19 BAM (22,883.68 USD) |
Vehicle Registration Cost  | 500 EUR (556.05 USD) | 50 BAM (27 USD) |
Driving License Fees  | 150 EUR (166.82 USD) | 100 BAM (54 USD) |
Car Insurance Cost  | 1,000 EUR (1,112.10 USD) | 400 BAM (216 USD) |
Car Maintenance Cost  | 500 EUR (556.05 USD) | 200 BAM (108 USD) |
Car Loan Interest Rates  | 5 % | 4 % |
Fuel Per Liter  | 1.70 EUR (1.89 USD) | 2.92 BAM (1.58 USD) |
Fuel Per Gallon  | 7 EUR (7.78 USD) | 9.90 BAM (5.35 USD) |
Average Toll Fees  | Yet to Update | 5 BAM 2.70 USD |
You would have to pay 1.06 times more for Vehicle purchase, daily operation and maintenance in Monaco compared to that of Bosnia and Herzegovina.
Indicators | Monaco | Bosnia and Herzegovina |
|---|---|---|
Doctor Visit  | 150 EUR (166.82 USD) | 20 BAM (10.80 USD) |
Specialist Visit  | 250 EUR (278.03 USD) | 50 BAM (27 USD) |
Dentist Visit  | 200 EUR (222.42 USD) | 30 BAM (16.20 USD) |
Eye Exam  | 100 EUR (111.21 USD) | 25 BAM (13.50 USD) |
Mental Health Counseling  | 150 EUR (166.82 USD) | 50 BAM (27 USD) |
Preventive Health Screening  | 100 EUR (111.21 USD) | 50 BAM (27 USD) |
Physical Therapy  | 100 EUR (111.21 USD) | 50 BAM (27 USD) |
Emergency Room Visit  | 500 EUR (556.05 USD) | 100 BAM (54 USD) |
Hospital Stay Per Night  | 800 EUR (889.68 USD) | 200 BAM (108 USD) |
Vaccinations  | 50 EUR (55.61 USD) | 30 BAM (16.20 USD) |
Prescription Medication  | 50 EUR (55.61 USD) | 10 BAM (5.40 USD) |
Over the Counter Medication  | 20 EUR (22.24 USD) | 5 BAM (2.70 USD) |
Health Insurance Premiums  | 300 EUR (333.63 USD) | 100 BAM (54 USD) |
Health Insurance Deductibles  | 200 EUR (222.42 USD) | 50 BAM (27 USD) |
If you lived in Monaco, instead of Bosnia and Herzegovina, you would have to pay 7.94 times more for Health and Medical Treatment.
Indicators | Monaco | Bosnia and Herzegovina |
|---|---|---|
Cosmetic Procedures  | 1,000 EUR (1,112.10 USD) | 200 BAM (108 USD) |
Spa Treatment  | 200 EUR (222.42 USD) | 50 BAM (27 USD) |
Manicure Pedicure Cost  | 50 EUR (55.61 USD) | 20 BAM (10.80 USD) |
Optical Glasses Cost  | 150 EUR (166.82 USD) | 100 BAM (54 USD) |
Contact Lenses Cost  | 50 EUR (55.61 USD) | 50 BAM (27 USD) |
Haircuts  | 25 EUR (27.80 USD) | 10 BAM (5.40 USD) |
Hair Coloring  | 100 EUR (111.21 USD) | 20 BAM (10.80 USD) |
Shampoo Price  | 5 EUR (5.56 USD) | 5 BAM (2.70 USD) |
Toothpaste Price  | 3 EUR (3.34 USD) | 3 BAM (1.62 USD) |
If you lived in Monaco, instead of Bosnia and Herzegovina, you would have to pay 7.12 times more for Personal Care Items and Treatment.
Indicators | Monaco | Bosnia and Herzegovina |
|---|---|---|
Pair of Nike Running Shoes  | 120 EUR (133.45 USD) | 178 BAM (96.12 USD) |
Men's Shirt  | 60 EUR (66.73 USD) | 50 BAM (27 USD) |
Women's Dress  | 80 EUR (88.97 USD) | 70 BAM (37.80 USD) |
Summer Dress  | 60 EUR (66.73 USD) | 50 BAM (27 USD) |
Men's Suit  | 300 EUR (333.63 USD) | 300 BAM (162 USD) |
Men's Jeans  | 80 EUR (88.97 USD) | 144 BAM (77.76 USD) |
Women's Jeans  | 80 EUR (88.97 USD) | 100 BAM (54 USD) |
Men's Formal Shoes  | 120 EUR (133.45 USD) | 144 BAM (77.76 USD) |
Women's Formal Shoes  | 120 EUR (133.45 USD) | 100 BAM (54 USD) |
Men's Casual Shoes  | 80 EUR (88.97 USD) | 100 BAM (54 USD) |
Women's Casual Shoes  | 80 EUR (88.97 USD) | 80 BAM (43.20 USD) |
Underwear For Men  | 10 EUR (11.12 USD) | 10 BAM (5.40 USD) |
Underwear For Women  | 15 EUR (16.68 USD) | 10 BAM (5.40 USD) |
Socks For Men  | 5 EUR (5.56 USD) | 5 BAM (2.70 USD) |
Socks For Women  | 5 EUR (5.56 USD) | 5 BAM (2.70 USD) |
Wintercoat for Adults  | 150 EUR (166.82 USD) | 200 BAM (108 USD) |
Sportswear  | 80 EUR (88.97 USD) | 80 BAM (43.20 USD) |
If you lived in Monaco, instead of Bosnia and Herzegovina, you would have to pay 1.83 times more for Clothing and Footwear for Adults.
Indicators | Monaco | Bosnia and Herzegovina |
|---|---|---|
Children's Jeans  | 50 EUR (55.61 USD) | 60 BAM (32.40 USD) |
Children's Normal Sneakers  | 60 EUR (66.73 USD) | 80 BAM (43.20 USD) |
Children's Winter Coat  | 80 EUR (88.97 USD) | 100 BAM (54 USD) |
Daycare for Infant  | 1,000 EUR (1,112.10 USD) | 275.19 BAM (148.60 USD) |
Daycare for Toddler  | 800 EUR (889.68 USD) | 275.19 BAM (148.60 USD) |
Childcare for Sick Days  | 100 EUR (111.21 USD) | 100 BAM (54 USD) |
Early Childhood Education Programs  | 500 EUR (556.05 USD) | 200 BAM (108 USD) |
Extra Curricular Activities  | 200 EUR (222.42 USD) | 50 BAM (27 USD) |
Summer Camp for Kids  | 800 EUR (889.68 USD) | 200 BAM (108 USD) |
If you lived in Monaco, instead of Bosnia and Herzegovina, you would have to pay 5.52 times more for Childcare and kids clothing.
Indicators | Monaco | Bosnia and Herzegovina |
|---|---|---|
PreSchool Fees  | 1,500 EUR (1,668.15 USD) | 275.19 BAM (148.60 USD) |
Primary School Fees  | 2,000 EUR (2,224.20 USD) | 2,000 BAM (1,080 USD) |
Secondary School Fees  | 3,000 EUR (3,336.30 USD) | 3,000 BAM (1,620 USD) |
Private School Fees  | 5,000 EUR (5,560.50 USD) | 4,000 BAM (2,160 USD) |
University Tuition Fees  | 20,000 EUR (22,242 USD) | 3,000 BAM (1,620 USD) |
University Private Tuition Fees  | 40,000 EUR (44,484 USD) | 5,000 BAM (2,700 USD) |
After School Activities  | 200 EUR (222.42 USD) | 50 BAM (27 USD) |
Special Education Services  | 400 EUR (444.84 USD) | 300 BAM (162 USD) |
Tutoring  | 100 EUR (111.21 USD) | 20 BAM (10.80 USD) |
Textbooks Cost  | 50 EUR (55.61 USD) | 100 BAM (54 USD) |
School Supplies  | 30 EUR (33.36 USD) | 50 BAM (27 USD) |
If you lived in Monaco, instead of Bosnia and Herzegovina, you would have to pay 8.36 times more for school and education.
Indicators | Monaco | Bosnia and Herzegovina |
|---|---|---|
Movie Ticket (Single)  | 15 EUR (16.68 USD) | 7.38 BAM (3.99 USD) |
Theater Ticket (Single)  | 50 EUR (55.61 USD) | 20 BAM (10.80 USD) |
Concert Ticket (Single)  | 60 EUR (66.73 USD) | 30 BAM (16.20 USD) |
Sports Event Ticket (Single)  | 50 EUR (55.61 USD) | 15 BAM (8.10 USD) |
Gym Membership  | 60 EUR (66.73 USD) | 44.42 BAM (23.99 USD) |
Swimming Pool Access  | 40 EUR (44.48 USD) | 20 BAM (10.80 USD) |
Museum Entry Ticket  | 10 EUR (11.12 USD) | 5 BAM (2.70 USD) |
Zoo Entry Ticket  | 20 EUR (22.24 USD) | 5 BAM (2.70 USD) |
Amusement Park Entry Ticket  | 30 EUR (33.36 USD) | 10 BAM (5.40 USD) |
Bowling  | 20 EUR (22.24 USD) | 10 BAM (5.40 USD) |
Mini Golf  | 15 EUR (16.68 USD) | 10 BAM (5.40 USD) |
Video Games  | 40 EUR (44.48 USD) | 50 BAM (27 USD) |
Streaming Services  | 15 EUR (16.68 USD) | 10 BAM (5.40 USD) |
Outdoor Equipment Rental  | 30 EUR (33.36 USD) | 20 BAM (10.80 USD) |
Theme Park Annual Pass  | 500 EUR (556.05 USD) | 100 BAM (54 USD) |
If you lived in Monaco, instead of Bosnia and Herzegovina, you would have to pay 5.51 times more for entertainment, recreation and fun activities.
Indicators | Monaco | Bosnia and Herzegovina |
|---|---|---|
Language Classes  | 300 EUR (333.63 USD) | 50 BAM (27 USD) |
Parenting Classes  | 150 EUR (166.82 USD) | 50 BAM (27 USD) |
Art Classes  | 30 EUR (33.36 USD) | 20 BAM (10.80 USD) |
Fitness Classes  | 20 EUR (22.24 USD) | 15 BAM (8.10 USD) |
Music Lessons  | 50 EUR (55.61 USD) | 20 BAM (10.80 USD) |
Dance Lessons  | 50 EUR (55.61 USD) | 20 BAM (10.80 USD) |
Reading Materials for Classes  | 10 EUR (11.12 USD) | 10 BAM (5.40 USD) |
Educational Software  | 150 EUR (166.82 USD) | 100 BAM (54 USD) |
If you lived in Monaco, instead of Bosnia and Herzegovina, you would have to pay 5.49 times more for Private Classes.
Indicators | Monaco | Bosnia and Herzegovina |
|---|---|---|
Average Gross Monthly Salary  | 5,000 EUR (5,560.50 USD) | 1,500 BAM (810 USD) |
Average Net Monthly Salary  | 3,500 EUR (3,892.35 USD) | 1,000 BAM (540 USD) |
Minimum Wages  | 66.67 EUR per hour (74.14 USD) | 15 BAM per hour (8.10 USD) |
Average Bonus  | 5,000 EUR (5,560.50 USD) | 100 BAM (54 USD) |
Income Tax Rate  | 0 to 20 % | 0 to 17 % |
Social Security Contributions  | Yet to Update | 17 % |
Pension Contributions  | Yet to Update | 6 % |
Cost of Living Index  | 12 | 40 |
Median Household Income  | 7,000 EUR (7,784.70 USD) | 2,000 BAM (1,080 USD) |
If you lived in Monaco, you would earn 9.18 times more salary as compared to Bosnia and Herzegovina.
Indicators | Monaco | Bosnia and Herzegovina |
|---|---|---|
Legal Consultation Per Hour Rate  | 300 EUR (333.63 USD) | 50 BAM (27 USD) |
Accounting Services Per Hour Rate  | 250 EUR (278.03 USD) | 30 BAM (16.20 USD) |
IT Support Services Per Hour Rate  | 200 EUR (222.42 USD) | 40 BAM (21.60 USD) |
Technician Services Per Hour Rate  | 150 EUR (166.82 USD) | 30 BAM (16.20 USD) |
Professional Services cost 12.36 times more in Monaco, as compared to Bosnia and Herzegovina.
We hope you enjoyed the detailed guide on the cost of living comparsion between Monaco and Bosnia and Herzegovina.
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