Published: Monday, 21th October 2024
The cost of living in Panama is 1.16 times more expensive as compared to Bosnia and Herzegovina.
On this page, you will find side-by-side cost comparison between Panama 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 Panama and Bosnia and Herzegovina.
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 Indicators  | Panama  | Bosnia and Herzegovina  |
|---|---|---|
1 BHK Apartment in City Center  | 1,200 PAB (1,200 USD) | 389.66 BAM (210.42 USD) |
2 BHK Apartment in City Center  | 2,000 PAB (2,000 USD) | 645 BAM (348.30 USD) |
3 BHK Apartment in City Center  | 3,000 PAB (3,000 USD) | 1,109 BAM (598.86 USD) |
1 BHK Apartment outside City Center  | 800 PAB (800 USD) | 289.70 BAM (156.44 USD) |
2 BHK Apartment outside City Center  | 1,200 PAB (1,200 USD) | 459 BAM (247.86 USD) |
3 BHK Apartment outside City Center  | 1,800 PAB (1,800 USD) | 643 BAM (347.22 USD) |
Mortgage Rates Per Month  | 1.3 % | 4.11 % |
Realtor Commission  | 5 % | 5 % |
Property Taxes  | 0.6 to 1.0 % | Yet to Update |
The average housing cost in Panama is 5.25 times more expensive than Bosnia and Herzegovina.
Indicators | Panama | Bosnia and Herzegovina |
|---|---|---|
Basic Home Furnishing  | 3,000 PAB (3,000 USD) | 1,000 BAM (540 USD) |
Electricity Cost Per Month  | 150 PAB (150 USD) | 50 BAM (27 USD) |
Heating Cost Per Month  | 100 PAB (100 USD) | 150 BAM (81 USD) |
Cooling Cost Per Month  | 80 PAB (80 USD) | 50 BAM (27 USD) |
Water Supply Cost Per Month  | 60 PAB (60 USD) | 20 BAM (10.80 USD) |
If you lived in Panama, instead of Bosnia and Herzegovina, you would have to pay 394.31% more for Utilities.
The basic home furnishing in Panama costs 5.56 times more compared to Bosnia and Herzegovina.
Indicators | Panama | Bosnia and Herzegovina |
|---|---|---|
Standard Wifi Cost Per Month  | 70 PAB (70 USD) | 44 BAM (23.76 USD) |
Mobile Phone Basic Plan Cost Per Month  | 50 PAB (50 USD) | 20 BAM (10.80 USD) |
Landline Basic Plan Cost Per Month  | 30 PAB (30 USD) | 15 BAM (8.10 USD) |
Cable TV Basic Plan Cost Per Month  | 80 PAB (80 USD) | 25 BAM (13.50 USD) |
The internet and communication costs 309.54% more in Panama compared to Bosnia and Herzegovina.
Indicators | Panama | Bosnia and Herzegovina |
|---|---|---|
Long Grain Rice (1 KG)  | 2 PAB (2 USD) | 2.50 BAM (1.35 USD) |
Milk (1 Liter)  | 1.50 PAB (1.50 USD) | 2.23 BAM (1.20 USD) |
Water (1 Liter)  | 0.50 PAB (0.50 USD) | 1.70 BAM (0.92 USD) |
Bread (500 gm)  | 1 PAB (1 USD) | 1.65 BAM (0.89 USD) |
Eggs (1 Dozen)  | 3 PAB (3 USD) | 5.17 BAM (2.79 USD) |
Cheese (1 KG)  | 5 PAB (5 USD) | 11 BAM (5.94 USD) |
Chicken Breast (1 KG)  | 7 PAB (7 USD) | 5.58 BAM (3.01 USD) |
In Panama, the cost of 1 Liter Water and 1 Liter Milk is 1.06 times less expensive than the cost in Bosnia and Herzegovina.
If you lived in Panama, instead of Bosnia and Herzegovina, you would have to pay 24.16% more for Groceries.
Indicators | Panama | Bosnia and Herzegovina |
|---|---|---|
Apples (1 KG)  | 3 PAB (3 USD) | 2.29 BAM (1.24 USD) |
Bananas (1 KG)  | 1.50 PAB (1.50 USD) | 1.25 BAM (0.68 USD) |
Oranges (1 KG)  | 2 PAB (2 USD) | 1.20 BAM (0.65 USD) |
Tomatoes (1 KG)  | 2 PAB (2 USD) | 3.31 BAM (1.79 USD) |
Potatoes (1 KG)  | 1 PAB (1 USD) | 1.58 BAM (0.85 USD) |
Lemons (1 KG)  | 2.50 PAB (2.50 USD) | 3 BAM (1.62 USD) |
Onions (1 KG)  | 1.50 PAB (1.50 USD) | 0.71 BAM (0.38 USD) |
Lentils (1 KG)  | 2.50 PAB (2.50 USD) | 3 BAM (1.62 USD) |
If you lived in Panama, instead of Bosnia and Herzegovina, you would have to pay 1.81 times more for Fruits and Vegetables.
Indicators | Panama | Bosnia and Herzegovina |
|---|---|---|
Meal at a Resonable Restaurant  | 12 PAB (12 USD) | 9.79 BAM (5.29 USD) |
Three-Course Meal for Two  | 30 PAB (30 USD) | 50 BAM (27 USD) |
Fast Food Combo Meal  | 6 PAB (6 USD) | 8.45 BAM (4.56 USD) |
Normal Coffee  | 2.50 PAB (2.50 USD) | 2.34 BAM (1.26 USD) |
Soft Drink  | 1.50 PAB (1.50 USD) | 2.61 BAM (1.41 USD) |
Pizza for One  | 12 PAB (12 USD) | 8 BAM (4.32 USD) |
Take-Out Delivery Meal  | 10 PAB (10 USD) | 10 BAM (5.40 USD) |
Cigarette Pack of 20  | 6 PAB (6 USD) | 6.08 BAM (3.28 USD) |
Dining-Out costs 52.31% more in Panama compared to Bosnia and Herzegovina.
Indicators | Panama | Bosnia and Herzegovina |
|---|---|---|
Wine Mid-Range Bottle  | 15 PAB (15 USD) | 17 BAM (9.18 USD) |
Glass of Wine  | 6 PAB (6 USD) | 5 BAM (2.70 USD) |
Domestic Beer Half Liter  | 2.50 PAB (2.50 USD) | 1.65 BAM (0.89 USD) |
Imported Beer Half Liter  | 4 PAB (4 USD) | 2.86 BAM (1.54 USD) |
Domestic Alcohol 1 Liter  | 15 PAB (15 USD) | 20 BAM (10.80 USD) |
Branded Alcohol 1 Liter  | 25 PAB (25 USD) | 30 BAM (16.20 USD) |
If you lived in Panama, instead of Bosnia and Herzegovina, you would have to pay 1.63 times more for usual hard drinks.
Indicators | Panama | Bosnia and Herzegovina |
|---|---|---|
Monthly Public Transportation Pass  | 50 PAB (50 USD) | 59.33 BAM (32.04 USD) |
Single Public Transportation Ticket  | 1.50 PAB (1.50 USD) | 1.50 BAM (0.81 USD) |
Single Train Ticket  | Yet to Update () | 5 BAM (2.70 USD) |
Domestic Airplane Ticket  | 100 PAB (100 USD) | 100 BAM (54 USD) |
Taxi Start Fare  | 3 PAB (3 USD) | 2 BAM (1.08 USD) |
Taxi Rate Per Kilometer  | 1.50 PAB (1.50 USD) | 3 BAM (1.62 USD) |
Car Rental Per Day  | 30 PAB (30 USD) | 50 BAM (27 USD) |
Parking Fees in City Center Per Hour  | 2 PAB (2 USD) | 2 BAM (1.08 USD) |
Parking Fees outside City Center Per Hour  | 1 PAB (1 USD) | 1 BAM (0.54 USD) |
If you lived in Panama, instead of Bosnia and Herzegovina, you would have to pay 1.56 times more for transportation.
Indicators | Panama | Bosnia and Herzegovina |
|---|---|---|
Reasonable Vehicle Purchase Cost  | 15,000 PAB (15,000 USD) | 42,377.19 BAM (22,883.68 USD) |
Vehicle Registration Cost  | 80 PAB (80 USD) | 50 BAM (27 USD) |
Driving License Fees  | 50 PAB (50 USD) | 100 BAM (54 USD) |
Car Insurance Cost  | 400 PAB (400 USD) | 400 BAM (216 USD) |
Car Maintenance Cost  | 150 PAB (150 USD) | 200 BAM (108 USD) |
Car Loan Interest Rates  | 6 % | 4 % |
Fuel Per Liter  | 1.20 PAB (1.20 USD) | 2.92 BAM (1.58 USD) |
Fuel Per Gallon  | 4.50 PAB (4.50 USD) | 9.90 BAM (5.35 USD) |
Average Toll Fees  | 5 PAB 5 USD | 5 BAM 2.70 USD |
You would have to pay 1.48 times less for Vehicle purchase, daily operation and maintenance in Panama compared to that of Bosnia and Herzegovina.
Indicators | Panama | Bosnia and Herzegovina |
|---|---|---|
Doctor Visit  | 50 PAB (50 USD) | 20 BAM (10.80 USD) |
Specialist Visit  | 100 PAB (100 USD) | 50 BAM (27 USD) |
Dentist Visit  | 70 PAB (70 USD) | 30 BAM (16.20 USD) |
Eye Exam  | 50 PAB (50 USD) | 25 BAM (13.50 USD) |
Mental Health Counseling  | 100 PAB (100 USD) | 50 BAM (27 USD) |
Preventive Health Screening  | 50 PAB (50 USD) | 50 BAM (27 USD) |
Physical Therapy  | 75 PAB (75 USD) | 50 BAM (27 USD) |
Emergency Room Visit  | 300 PAB (300 USD) | 100 BAM (54 USD) |
Hospital Stay Per Night  | 150 PAB (150 USD) | 200 BAM (108 USD) |
Vaccinations  | 30 PAB (30 USD) | 30 BAM (16.20 USD) |
Prescription Medication  | 20 PAB (20 USD) | 10 BAM (5.40 USD) |
Over the Counter Medication  | 10 PAB (10 USD) | 5 BAM (2.70 USD) |
Health Insurance Premiums  | 150 PAB (150 USD) | 100 BAM (54 USD) |
Health Insurance Deductibles  | 75 PAB (75 USD) | 50 BAM (27 USD) |
If you lived in Panama, instead of Bosnia and Herzegovina, you would have to pay 2.96 times more for Health and Medical Treatment.
Indicators | Panama | Bosnia and Herzegovina |
|---|---|---|
Cosmetic Procedures  | 200 PAB (200 USD) | 200 BAM (108 USD) |
Spa Treatment  | 75 PAB (75 USD) | 50 BAM (27 USD) |
Manicure Pedicure Cost  | 30 PAB (30 USD) | 20 BAM (10.80 USD) |
Optical Glasses Cost  | 80 PAB (80 USD) | 100 BAM (54 USD) |
Contact Lenses Cost  | 40 PAB (40 USD) | 50 BAM (27 USD) |
Haircuts  | 15 PAB (15 USD) | 10 BAM (5.40 USD) |
Hair Coloring  | 40 PAB (40 USD) | 20 BAM (10.80 USD) |
Shampoo Price  | 5 PAB (5 USD) | 5 BAM (2.70 USD) |
Toothpaste Price  | 2 PAB (2 USD) | 3 BAM (1.62 USD) |
If you lived in Panama, instead of Bosnia and Herzegovina, you would have to pay 1.97 times more for Personal Care Items and Treatment.
Indicators | Panama | Bosnia and Herzegovina |
|---|---|---|
Pair of Nike Running Shoes  | 80 PAB (80 USD) | 178 BAM (96.12 USD) |
Men's Shirt  | 25 PAB (25 USD) | 50 BAM (27 USD) |
Women's Dress  | 40 PAB (40 USD) | 70 BAM (37.80 USD) |
Summer Dress  | 30 PAB (30 USD) | 50 BAM (27 USD) |
Men's Suit  | 100 PAB (100 USD) | 300 BAM (162 USD) |
Men's Jeans  | 40 PAB (40 USD) | 144 BAM (77.76 USD) |
Women's Jeans  | 30 PAB (30 USD) | 100 BAM (54 USD) |
Men's Formal Shoes  | 80 PAB (80 USD) | 144 BAM (77.76 USD) |
Women's Formal Shoes  | 80 PAB (80 USD) | 100 BAM (54 USD) |
Men's Casual Shoes  | 50 PAB (50 USD) | 100 BAM (54 USD) |
Women's Casual Shoes  | 50 PAB (50 USD) | 80 BAM (43.20 USD) |
Underwear For Men  | 8 PAB (8 USD) | 10 BAM (5.40 USD) |
Underwear For Women  | 12 PAB (12 USD) | 10 BAM (5.40 USD) |
Socks For Men  | 3 PAB (3 USD) | 5 BAM (2.70 USD) |
Socks For Women  | 3 PAB (3 USD) | 5 BAM (2.70 USD) |
Wintercoat for Adults  | 80 PAB (80 USD) | 200 BAM (108 USD) |
Sportswear  | 40 PAB (40 USD) | 80 BAM (43.20 USD) |
If you lived in Panama, instead of Bosnia and Herzegovina, you would have to pay 1.17 times less for Clothing and Footwear for Adults.
Indicators | Panama | Bosnia and Herzegovina |
|---|---|---|
Children's Jeans  | 20 PAB (20 USD) | 60 BAM (32.40 USD) |
Children's Normal Sneakers  | 30 PAB (30 USD) | 80 BAM (43.20 USD) |
Children's Winter Coat  | 40 PAB (40 USD) | 100 BAM (54 USD) |
Daycare for Infant  | 200 PAB (200 USD) | 275.19 BAM (148.60 USD) |
Daycare for Toddler  | 150 PAB (150 USD) | 275.19 BAM (148.60 USD) |
Childcare for Sick Days  | 30 PAB (30 USD) | 100 BAM (54 USD) |
Early Childhood Education Programs  | 150 PAB (150 USD) | 200 BAM (108 USD) |
Extra Curricular Activities  | 100 PAB (100 USD) | 50 BAM (27 USD) |
Summer Camp for Kids  | 150 PAB (150 USD) | 200 BAM (108 USD) |
If you lived in Panama, instead of Bosnia and Herzegovina, you would have to pay 1.20 times more for Childcare and kids clothing.
Indicators | Panama | Bosnia and Herzegovina |
|---|---|---|
PreSchool Fees  | 250 PAB (250 USD) | 275.19 BAM (148.60 USD) |
Primary School Fees  | 400 PAB (400 USD) | 2,000 BAM (1,080 USD) |
Secondary School Fees  | 600 PAB (600 USD) | 3,000 BAM (1,620 USD) |
Private School Fees  | 1,000 PAB (1,000 USD) | 4,000 BAM (2,160 USD) |
University Tuition Fees  | 2,500 PAB (2,500 USD) | 3,000 BAM (1,620 USD) |
University Private Tuition Fees  | 3,500 PAB (3,500 USD) | 5,000 BAM (2,700 USD) |
After School Activities  | 75 PAB (75 USD) | 50 BAM (27 USD) |
Special Education Services  | 200 PAB (200 USD) | 300 BAM (162 USD) |
Tutoring  | 30 PAB (30 USD) | 20 BAM (10.80 USD) |
Textbooks Cost  | 50 PAB (50 USD) | 100 BAM (54 USD) |
School Supplies  | 30 PAB (30 USD) | 50 BAM (27 USD) |
If you lived in Panama, instead of Bosnia and Herzegovina, you would have to pay 1.11 times less for school and education.
Indicators | Panama | Bosnia and Herzegovina |
|---|---|---|
Movie Ticket (Single)  | 8 PAB (8 USD) | 7.38 BAM (3.99 USD) |
Theater Ticket (Single)  | 15 PAB (15 USD) | 20 BAM (10.80 USD) |
Concert Ticket (Single)  | 25 PAB (25 USD) | 30 BAM (16.20 USD) |
Sports Event Ticket (Single)  | 15 PAB (15 USD) | 15 BAM (8.10 USD) |
Gym Membership  | 40 PAB (40 USD) | 44.42 BAM (23.99 USD) |
Swimming Pool Access  | 25 PAB (25 USD) | 20 BAM (10.80 USD) |
Museum Entry Ticket  | 8 PAB (8 USD) | 5 BAM (2.70 USD) |
Zoo Entry Ticket  | 12 PAB (12 USD) | 5 BAM (2.70 USD) |
Amusement Park Entry Ticket  | 20 PAB (20 USD) | 10 BAM (5.40 USD) |
Bowling  | 15 PAB (15 USD) | 10 BAM (5.40 USD) |
Mini Golf  | 12 PAB (12 USD) | 10 BAM (5.40 USD) |
Video Games  | 40 PAB (40 USD) | 50 BAM (27 USD) |
Streaming Services  | 12 PAB (12 USD) | 10 BAM (5.40 USD) |
Outdoor Equipment Rental  | 15 PAB (15 USD) | 20 BAM (10.80 USD) |
Theme Park Annual Pass  | 500 PAB (500 USD) | 100 BAM (54 USD) |
If you lived in Panama, instead of Bosnia and Herzegovina, you would have to pay 3.95 times more for entertainment, recreation and fun activities.
Indicators | Panama | Bosnia and Herzegovina |
|---|---|---|
Language Classes  | 150 PAB (150 USD) | 50 BAM (27 USD) |
Parenting Classes  | 150 PAB (150 USD) | 50 BAM (27 USD) |
Art Classes  | 25 PAB (25 USD) | 20 BAM (10.80 USD) |
Fitness Classes  | 25 PAB (25 USD) | 15 BAM (8.10 USD) |
Music Lessons  | 30 PAB (30 USD) | 20 BAM (10.80 USD) |
Dance Lessons  | 30 PAB (30 USD) | 20 BAM (10.80 USD) |
Reading Materials for Classes  | 8 PAB (8 USD) | 10 BAM (5.40 USD) |
Educational Software  | 150 PAB (150 USD) | 100 BAM (54 USD) |
If you lived in Panama, instead of Bosnia and Herzegovina, you would have to pay 3.69 times more for Private Classes.
Indicators | Panama | Bosnia and Herzegovina |
|---|---|---|
Average Gross Monthly Salary  | 1,500 PAB (1,500 USD) | 1,500 BAM (810 USD) |
Average Net Monthly Salary  | 1,200 PAB (1,200 USD) | 1,000 BAM (540 USD) |
Minimum Wages  | 20 PAB per hour (20 USD) | 15 BAM per hour (8.10 USD) |
Average Bonus  | 150 PAB (150 USD) | 100 BAM (54 USD) |
Income Tax Rate  | 0 to 7 % | 0 to 17 % |
Social Security Contributions  | 9 % | 17 % |
Pension Contributions  | 10 % | 6 % |
Cost of Living Index  | 50 | 40 |
Median Household Income  | 1,200 PAB (1,200 USD) | 2,000 BAM (1,080 USD) |
If you lived in Panama, you would earn 1.63 times more salary as compared to Bosnia and Herzegovina.
Indicators | Panama | Bosnia and Herzegovina |
|---|---|---|
Legal Consultation Per Hour Rate  | 100 PAB (100 USD) | 50 BAM (27 USD) |
Accounting Services Per Hour Rate  | 80 PAB (80 USD) | 30 BAM (16.20 USD) |
IT Support Services Per Hour Rate  | 80 PAB (80 USD) | 40 BAM (21.60 USD) |
Technician Services Per Hour Rate  | 60 PAB (60 USD) | 30 BAM (16.20 USD) |
Professional Services cost 3.95 times more in Panama, as compared to Bosnia and Herzegovina.
We hope you enjoyed the detailed guide on the cost of living comparsion between Panama and Bosnia and Herzegovina.
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