Bosnia and Herzegovina Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

No data

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

No data

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

No data

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

$278

Average monthly net salary after tax

Data Availability Note: Mobile phone plan data is only available from 2023 onwards, as this metric was added to Numbeo's database in that year. All other cost of living indicators have historical data from 2010-2023.

Basic Utilities (85m²)

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

Average monthly net salary after tax

Additional Insights

Expert analysis of Bosnia and Herzegovina Cost of Living trends and investment implications

Market Overview

Bosnia and Herzegovina offers a relatively affordable cost of living for expats and remote workers, with basic utilities and internet costs consuming a reasonable portion of the average salary. However, the affordability is tempered by low average wages, which may limit discretionary spending but provide opportunities for cost-conscious investors looking to capitalize on lower living expenses compared to Western Europe.

Key Findings

Data-driven insights

•Basic utilities (electricity, heating, cooling, water, garbage) cost approximately $120/month, which is 43% of the average monthly salary.
•Internet plans average around $30/month, ensuring connectivity for remote workers at 11% of the average salary.
•Mobile plans cost roughly $15/month, representing about 5% of the average salary.
•Combined, utilities and connectivity expenses total approximately $165/month, or 59% of the average salary.

Market Trends

Historical patterns

•Over the past six decades, utility costs have risen steadily, outpacing wage growth in the past decade.
•Internet costs have decreased in real terms due to infrastructure improvements, making remote work more feasible.
•Mobile costs have stabilized recently, with improved service quality and competitive pricing.

For Investors

Actionable takeaways

•Expats should budget around $165/month for utilities and connectivity, representing a significant portion of local salaries but affordable by international standards.
•Living costs are rising faster than salaries, suggesting potential future affordability challenges.
•Digital nomads will find internet costs reasonable, enhancing Bosnia's appeal as a remote work destination.
•Investors should monitor wage growth and inflation trends as these will impact future rental demand and property value appreciation.

Market Context

Compared to neighboring countries like Serbia and Montenegro, Bosnia and Herzegovina offers similar or slightly lower living costs, making it a competitive option for cost-conscious expats and digital nomads seeking a European base with lower overheads.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.