Cost Of Living in Medjugorje 2025

cost of living chart - average monthly expenditure in Medjugorje

Average monthly spending for singles, couples, students, and families in Medjugorje

Whether you're living in Medjugorje or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.

Average Monthly Expenditure

Currency: BAM
150 2,000 20,000
MINIMUM AVERAGE MAXIMUM
$85 $1,100 $11,000

Monthly Expenditure ▶ Single

Currency: BAM
190 1,400 9,200
MINIMUM AVERAGE MAXIMUM
$110 $760 $5,100

Monthly Expenditure ▶ Couple

Currency: BAM
760 2,300 12,000
MINIMUM AVERAGE MAXIMUM
$420 $1,300 $6,800

Monthly Expenditure ▶ Family

Currency: BAM
1,100 3,100 20,000
MINIMUM AVERAGE MAXIMUM
$590 $1,700 $11,000

Monthly Expenditure ▶ Student

Currency: BAM
150 1,000 6,700
MINIMUM AVERAGE MAXIMUM
$85 $560 $3,700
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Medjugorje is 1,400 BAM. Expenses can range from 190 BAM at the minimum level to 9,200 BAM at the highest end.


Couples

The average monthly spending of couples in Medjugorje is 2,300 BAM. Expenditure can range from 760 BAM to 12,000 BAM per month.


Families

The average cost of living for families in Medjugorje is 3,100 BAM per month. Families spend anywhere from 1,100 BAM to 20,000 BAM.


Students

The average monthly expenditure for students in Medjugorje is 1,000 BAM. Students spend from 150 BAM to 6,700 BAM per month.


Spending behavior can change drastically from one person to another. It is best to consider the minimum, average, and maximum spending together.



Prices and cost of goods and services in Medjugorje


Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Medjugorje

Dining, food, and beverages costs


Fast food combo meal

2.3 BAM 4.6 BAM 7.6 BAM
MINIMUM AVERAGE MAXIMUM
$1.3 $2.5 $4.2

Restaurant meal for one

7.3 BAM 11 BAM 22 BAM
MINIMUM AVERAGE MAXIMUM
$4 $6 $12

Fine dining meal for one

15 BAM 22 BAM 87 BAM
MINIMUM AVERAGE MAXIMUM
$8.1 $12 $48

Cappuccino or latte

1.9 BAM 3.1 BAM 4.6 BAM
MINIMUM AVERAGE MAXIMUM
$1.1 $1.7 $2.5

Grocery and market costs


Milk large bottle

1.5 BAM 1.8 BAM 2.3 BAM
MINIMUM AVERAGE MAXIMUM
$0.85 $1 $1.3

12 eggs

1.1 BAM 1.5 BAM 2.3 BAM
MINIMUM AVERAGE MAXIMUM
$0.64 $0.85 $1.3

Fresh whole chicken

2.6 BAM 3.4 BAM 4.8 BAM
MINIMUM AVERAGE MAXIMUM
$1.4 $1.9 $2.7

Pack of beef

3.1 BAM 4.6 BAM 9.2 BAM
MINIMUM AVERAGE MAXIMUM
$1.7 $2.5 $5.1

Medium bag of rice

1.2 BAM 1.7 BAM 2.4 BAM
MINIMUM AVERAGE MAXIMUM
$0.68 $0.94 $1.3

Bag of tomatos

0.46 BAM 0.61 BAM 1.1 BAM
MINIMUM AVERAGE MAXIMUM
$0.25 $0.34 $0.64

Bag of apples

0.82 BAM 1.1 BAM 1.8 BAM
MINIMUM AVERAGE MAXIMUM
$0.45 $0.60 $0.98
Chart showing the prices and cost of commute, travel, and transportation in Medjugorje

Commute, travel, and transportation costs


20 minutes taxi ride

1.8 BAM 2.2 BAM 4.4 BAM
MINIMUM AVERAGE MAXIMUM
$1 $1.2 $2.4

Average car full tank

11 BAM 15 BAM 31 BAM
MINIMUM AVERAGE MAXIMUM
$6.4 $8.5 $17

Average car 1-day rental

10 BAM 14 BAM 21 BAM
MINIMUM AVERAGE MAXIMUM
$5.7 $7.6 $11

Average car price

5,700 BAM 11,000 BAM 15,000 BAM
MINIMUM AVERAGE MAXIMUM
$3,200 $6,400 $8,500

Bus ticket one way

0.34 BAM 0.52 BAM 1 BAM
MINIMUM AVERAGE MAXIMUM
$0.19 $0.29 $0.57

Car Service

14 BAM 21 BAM 41 BAM
MINIMUM AVERAGE MAXIMUM
$7.6 $11 $23
Chart showing the prices and cost of utility, energy, water, and gas for a family in Medjugorje

Utility cost (monthly)


Utility Bill - Individual

12 BAM 82 BAM 550 BAM
MINIMUM AVERAGE MAXIMUM
$6.5 $46 $300

Utility Bill - Couple

31 BAM 100 BAM 670 BAM
MINIMUM AVERAGE MAXIMUM
$17 $57 $370

Utility Bill - Family

53 BAM 150 BAM 990 BAM
MINIMUM AVERAGE MAXIMUM
$30 $85 $550

Internet and cable

11 BAM 23 BAM 31 BAM
MINIMUM AVERAGE MAXIMUM
$6.4 $13 $17

Mobile phone charges

9.2 BAM 15 BAM 46 BAM
MINIMUM AVERAGE MAXIMUM
$5.1 $8.5 $25

Leisure and activities costs


Movie ticket

5.7 BAM 7.6 BAM 11 BAM
MINIMUM AVERAGE MAXIMUM
$3.2 $4.2 $6.4

One month gym membership

17 BAM 21 BAM 41 BAM
MINIMUM AVERAGE MAXIMUM
$9.2 $11 $23
Chart showing the prices and cost of clothing and accessories in Medjugorje

Cloths and accessories costs


Pair of jeans or pants

12 BAM 17 BAM 26 BAM
MINIMUM AVERAGE MAXIMUM
$6.7 $9.5 $14

Woman dress

11 BAM 16 BAM 52 BAM
MINIMUM AVERAGE MAXIMUM
$6.4 $8.8 $29

Woman shoes

11 BAM 15 BAM 34 BAM
MINIMUM AVERAGE MAXIMUM
$6 $8.2 $19

Men's shoes

9.4 BAM 11 BAM 23 BAM
MINIMUM AVERAGE MAXIMUM
$5.2 $6.4 $13

Men suit

10 BAM 13 BAM 69 BAM
MINIMUM AVERAGE MAXIMUM
$5.7 $7.2 $38

Regular t-shirt

5.2 BAM 6.9 BAM 21 BAM
MINIMUM AVERAGE MAXIMUM
$2.9 $3.8 $11
Chart showing the prices and cost of housing, accommodation, and rent in Medjugorje

Housing costs / monthly rent


Studio apartment

170 BAM 260 BAM 690 BAM
MINIMUM AVERAGE MAXIMUM
$95 $140 $380

1-bedroom apartment

260 BAM 410 BAM 1,000 BAM
MINIMUM AVERAGE MAXIMUM
$140 $230 $570

2-bedroom apartment

340 BAM 520 BAM 1,400 BAM
MINIMUM AVERAGE MAXIMUM
$190 $290 $760

Housing costs / Buying


Studio apartment

34,000 BAM 52,000 BAM 100,000 BAM
MINIMUM AVERAGE MAXIMUM
$19,000 $29,000 $57,000

1-bedroom apartment

41,000 BAM 69,000 BAM 260,000 BAM
MINIMUM AVERAGE MAXIMUM
$23,000 $38,000 $140,000

2-bedroom apartment

69,000 BAM 210,000 BAM 410,000 BAM
MINIMUM AVERAGE MAXIMUM
$38,000 $110,000 $230,000
Chart showing the prices and cost of furniture in Medjugorje

Furniture Costs


King Size Bed

230 BAM 290 BAM 380 BAM
MINIMUM AVERAGE MAXIMUM
$130 $160 $210

Double Bed

150 BAM 230 BAM 290 BAM
MINIMUM AVERAGE MAXIMUM
$85 $130 $160

Single Bed

130 BAM 180 BAM 230 BAM
MINIMUM AVERAGE MAXIMUM
$75 $98 $130

Living Room

250 BAM 330 BAM 1,100 BAM
MINIMUM AVERAGE MAXIMUM
$140 $180 $640

Dining Table

110 BAM 150 BAM 290 BAM
MINIMUM AVERAGE MAXIMUM
$64 $85 $160

Sofa or Couch

150 BAM 210 BAM 460 BAM
MINIMUM AVERAGE MAXIMUM
$85 $120 $250
Chart showing the prices and cost of electronic devices and appliances in Medjugorje

Electronics and House Appliance Costs


TV Set

150 BAM 230 BAM 460 BAM
MINIMUM AVERAGE MAXIMUM
$85 $130 $250

Fridge or Freezer

130 BAM 210 BAM 290 BAM
MINIMUM AVERAGE MAXIMUM
$75 $120 $160

Washing Machine

180 BAM 250 BAM 460 BAM
MINIMUM AVERAGE MAXIMUM
$98 $140 $250

Stove or Cooker

160 BAM 210 BAM 290 BAM
MINIMUM AVERAGE MAXIMUM
$91 $120 $160

Mobile Phone

190 BAM 230 BAM 330 BAM
MINIMUM AVERAGE MAXIMUM
$110 $130 $180

Laptop or Computer

210 BAM 250 BAM 460 BAM
MINIMUM AVERAGE MAXIMUM
$120 $140 $250

Expenditure to Income Ratio in Medjugorje

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in.

Cost of living and expenditure to income ratio in Medjugorje

Spending to Income Ratio

77%

70% to 84%

( expenditure / income ) x 100


Expense to income distribution levels

Spending To Income Ratio% People
< 50%5%
50% - 60%9%
60% - 70%16%
70% - 80%25%
80% - 90%19%
90% - 100%10%
100% - 110%6%
110% - 120%4%
120% - 130%3%
130% - 140%2%
> 140%2%

Interpretation and Analysis

The average spending-to-salary ratio in Medjugorje is 77% This means that on average, people spend around 77% of their income for living. According to the distribution table, 16% of the population spend approximately 60% to 70% of their income every month.


How can spending be more than income?

A value higher than 100% means that the expenditure of those people is higher than their income. They are spending more than what they earn. This is possible in two scenarios. They are either borrowing from their savings to survive or they are borrowing from other sources (relatives, friends, banks, etc.). More about this in the debt section.



Individual
69%
Spending-Income-Ratio
63%
76%

Couple
73%
Spending-Income-Ratio
66%
80%

Family
81%
Spending-Income-Ratio
73%
88%
Distribution of monthly cost of living expenses in Medjugorje

How do people spend their money in Medjugorje?

We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.

The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing Expenditure24%

24% of total expenses on average (13% to 32%)

LOW$25   46 BAM
AVERAGE$330   600 BAM
HIGH$3,300   6,000 BAM
Per Month

People living in Medjugorje typically spend from 13% to 32% of their total monthly expenditure on housing with 24% being the average. The average spend on housing is 600 BAM with expenditure ranging from 46 BAM to 6,000 BAM. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.

Utilities, Electricity, Water, Internet, Mobile7%

7% of total expenses on average (4% to 11%)

LOW$4.2   7.6 BAM
AVERAGE$55   99 BAM
HIGH$550   990 BAM
Per Month

Utility expenditure like electricity, water, and gas in Medjugorje ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 99 BAM with 7.6 BAM and 990 BAM being the upper and lower limits.

Transport, Fuel, Commute7%

7% of total expenses on average (3% to 11%)

LOW$8.5   15 BAM
AVERAGE$110   200 BAM
HIGH$1,100   2,000 BAM
Per Month

Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 15 BAM to 2,000 BAM on commuting with 200 BAM being the norm for most people in one month. This means that money spent on transport constitutes about 7% of total spending on average but can go as low as 3% or as high as 11%.

Food and Groceries Cost28%

28% of total expenses on average (20% to 34%)

LOW$21   38 BAM
AVERAGE$280   500 BAM
HIGH$2,800   5,000 BAM
Per Month

The average outlay on groceries in a month in Medjugorje is 500 BAM. The cost of groceries can range between 38 BAM to 5,000 BAM. People spend on average about 28% on food and groceries with upper and lower bounds of 20% and 34% respectively.

Healthcare and Medical Services10%

10% of total expenses on average (5% to 13%)

LOW$5.9   11 BAM
AVERAGE$77   140 BAM
HIGH$770   1,400 BAM
Per Month

People in Medjugorje allocate 5% to 13% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 10%. The range of medical expenses range from 11 BAM to 1,400 BAM with 140 BAM being the norm.

Leisure and Shopping5%

5% of total expenses on average (2% to 9%)

LOW$3.4   6.1 BAM
AVERAGE$44   79 BAM
HIGH$440   790 BAM
Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 6.1 BAM to 790 BAM with 79 BAM being the average. Speaking of percentages, that equates to 2% to 9% of total expenses with an average of 5% for most residents.

Education and Schooling5%

5% of total expenses on average (3% to 11%)

LOW$5.1   9.2 BAM
AVERAGE$66   120 BAM
HIGH$660   1,200 BAM
Per Month

Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 5% of the monthly expenditure with 3% and 11% being the lower and upper bounds respectively. The average reported education cost is 120 BAM per month with 9.2 BAM being the minimum spent amount and 1,200 BAM being the maximum.

Other Expenses13%

13% of total expenses on average (8% to 20%)

LOW$11   20 BAM
AVERAGE$140   260 BAM
HIGH$1,400   2,600 BAM
Per Month
Percentage of people who manage to save money from their income every month in Medjugorje

How much money can you save in Medjugorje every month?

We asked thousands of people what percentage of their income can they save in a month. Below are the answers.


What percentage of people in Medjugorje manage to save money from their income every month?


Saving Money
56%
Not Saving
45%

Almost 56% of the surveyed people in Medjugorje said that they can save some money at the end of each month while 45% said that aren't saving anything.


Percentage of people saving money by population group in Medjugorje

GroupSaversNon Savers
Singles58%42%
Couples54%46%
Families49%51%

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


Savings to income ratio in Medjugorje

Saving to Income Ratio

7.2% 13% of income 25%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

54 BAM
$30
700 BAM
$390
7,000 BAM
$3,900
MINIMUM AVERAGE MAXIMUM

For most people, 7.2% to 25% of their monthly income is what they can allocate to their savings, with 13% being the average. The amount of money that people can save is approximately 700 BAM on average with savings ranging from 54 BAM to 7,000 BAM.

58% of surveyed singles reported some of their income going to savings while 54% of couples said the same. 49% of families confirmed their ability to save money.


How much money do people actually save in Medjugorje?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.


Singles

Saving to Income Ratio

9.8% 17% of income 27%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

54 BAM
$30
480 BAM
$270
3,200 BAM
$1,800
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for singles

Saving To Income Ratio% Singles
0% - 10%31%
10% - 20%25%
20% - 30%16%
30% - 40%14%
40% - 50%10%
> 50%4%

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 9.8% to 27% of their monthly income to savings, with 17% being the average for most singles. The average amount of money that singles are able to save is 480 BAM with 54 BAM and 3,200 BAM being the minimum and maximum respectively.


Couples

Saving to Income Ratio

8.1% 15% of income 26%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

270 BAM
$150
800 BAM
$450
4,300 BAM
$2,400
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%35%
10% - 20%27%
20% - 30%19%
30% - 40%9%
40% - 50%7%
> 50%3%

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 8.1% to 26% of their monthly income, with 15% being the average for most couples. The average amount of money that couples can save is 800 BAM with 270 BAM and 4,300 BAM being the minimum and maximum respectively.


Families

Saving to Income Ratio

7.2% 13% of income 23%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

380 BAM
$210
1,100 BAM
$600
7,000 BAM
$3,900
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%38%
10% - 20%30%
20% - 30%20%
30% - 40%6%
40% - 50%4%
> 50%2%

Interpretation and Analysis

Families in Medjugorje can save anywhere between 7.2% to 23% of their monthly income, with 13% being the average for most families. The average amount of money that families can put aside is 1,100 BAM with 380 BAM and 7,000 BAM being the minimum and maximum respectively.

Reasons that make it difficult for people to save money in Medjugorje

Saving Challenges in Medjugorje

Reasons that make it difficult for people to save money

We wanted to understand what is stopping people from maximizing their savings in Medjugorje. Listed below are the answers given by the survey participants.


Reason% People
Low Income5%
High Expenses8%
Debt and Loans14%
Lack of Budgeting Skills11%
Impulsive Spending11%
Financial Emergencies7%
Living the moment6%
Will do it later20%
Inflation13%
Social Pressure3%
Market Instability2%

Around 5% of the people said that their salary is too low to accommodate a portion for savings while 8% said that the high cost of living leaves little room for savings. 14% of the residents said that they are burdened with debt and find it challenging to save money. 11% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 11% blamed impulsive spending as the reason for saving inability. Around 7% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 20% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 13% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.

Where do people choose to put their savings in Medjugorje

Typical saving choices for people in Medjugorje

Where do people choose to put their savings?


Saving Type% People
Emergency Funds12%
Gold12%
Savings Accounts17%
Retirement Accounts10%
Cash Savings20%
Real Estate9%
Investment5%
Stocks5%
Bonds5%
Mutual Funds2%
Certificates of Deposit3%
A typical and healthy budgeting structure. The 50-30-20 rule

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Income and cost of living compatibility. Is it affordable or economical to live in Medjugorje

Affordable living in Medjugorje

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Medjugorje?


Yes
57%
No
43%

Around 57% of surveyed residents think that living in Medjugorje is affordable with proper budgeting while 43% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting. Are there plenty of low-cost options in Medjugorje

Low-cost alternatives in Medjugorje

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked residents how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options53%

Few low-cost options47%


Based on the survey, 53% of the people living in Medjugorje have no problem finding low-cost alternatives to support a frugal lifestyle while 47% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked residents of Medjugorje whether they have an emergency fund and the answers were as follows.

Yes56%

No45%


Based on the survey, 45% of the people living in Medjugorje said that they don't have an emergency fund while 56% said that they do.

Financial literacy and difficulty in budgeting and financial planning in Medjugorje

Financial Literacy in Bosnia and Herzegovina

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy59%


We asked residents of Bosnia and Herzegovina whether they acquired any adequate personal financial training in their lives. Approximately 41% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 59% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether residents of Bosnia and Herzegovina have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 36% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 64% said that they have everything under control.

Struggles with finance36%

Easily manages finances64%

Financial goals and targets of people living in Medjugorje

Financial goals of people in Medjugorje

In an attempt to understand the economic situation in Medjugorje, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund8%
Debt Reduction40%
Retirement Savings10%
Education Funding7%
Homeownership18%
Investing7%
Travel or Lifestyle8%
Healthcare Expenses13%
Financial Independence6%

Around 8% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 40% said their number one priority is to pay off high-interest debt or loans and improve credit. 10% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 7% reported that their priority is saving for the tuition fees and education costs of their children while 18% choose to buy a home or pay off existing mortgage before other things. 7% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 8% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 13% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Retirement, pension plans, and life after work in Medjugorje

What does the retirement lifestyle look like in Medjugorje and how much retirement savings are required?

Retirement age

The retirement age for most employees in Bosnia and Herzegovina is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.

Retirement planning and savings

There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.


The typical saved amount of money you should have at every age as multiples of monthly salary:
AgeAmount
255x monthly salary at age 25
3010x monthly salary at age 30
3515x monthly salary at age 35
4025x monthly salary at age 40
4532x monthly salary at age 45
5048x monthly salary at age 50
5556x monthly salary at age 55
6064x monthly salary at age 60
6578x monthly salary at age 65

The typical average saved amount of money you should have at every age in Medjugorje:
AgeAmount
255,400 BAM
3011,000 BAM
3519,000 BAM
4027,000 BAM
4540,000 BAM
5056,000 BAM
5567,000 BAM
6083,000 BAM
6599,000 BAM

Retirement Income Distribution

We asked residents of Medjugorje about their retirement income sources and below are the results.

Source% People
Pensions12%
Savings23%
Investments12%
Social Security7%
Annuities7%
Part-time Job14%
Real Estate18%
Dividends and Interest7%

Retirement Monthly Expenses in Medjugorje

110 BAM
$62
1,000 BAM
$560
6,700 BAM
$3,700
MINIMUM AVERAGE MAXIMUM
Chart showing the percentage of people who are in debt in Medjugorje

Debt, loans, and mortgages in Medjugorje


Percentage of people who are in debt


In Debt
24%
Debt Free
76%

According to the survey, 24% of the people in Medjugorje have some kind of debt, loan, mortgage, or credit card payments while 76% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Medjugorje

Debt-to-income ratio in Medjugorje

Debt to income ratio

28%

20% to 35%

( monthly debt payment / monthly income ) x 100

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 28% of the people's monthly income in Medjugorje goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%16%
40% - 50%14%
30% - 40%16%
20% - 30%11%
10% - 20%14%
0% - 10%26%

According to our data, 3% of the debtors in Medjugorje pay 60%+ of their income as debt settlement while 16% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 14% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 16% dedicated 30% to 40% of income for same. Things are looking brighter for 11% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Medjugorje

Debt% People
Real Estate Mortgage9%
Auto Loan17%
Student Loan4%
Credit Card29%
Personal Loan41%

9% of debtors in Medjugorje confirm that real estate mortgages constitutes the main part of their outstanding debt while 29% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 17% of people and personal loans rose at 41%. Lastly, student loans are the main source of debt for 4% of debtors in Medjugorje.


About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.


Loan Affordability Index in Medjugorje

Besides measuring the loan-to-income ratio, we asked residents of Medjugorje how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Frequency% People
Never51%
Once a year23%
Twice a year12%
Three times a year9%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Medjugorje

Housing costs, accommodation, and housing affordability in Medjugorje

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Medjugorje

Monthly Rent Prices

Studio apartment monthly rent cost

170 BAM 260 BAM 690 BAM
MINIMUM AVERAGE MAXIMUM
$95 $140 $380

1-bedroom apartment monthly rent cost

260 BAM 410 BAM 1,000 BAM
MINIMUM AVERAGE MAXIMUM
$140 $230 $570

2-bedroom apartment monthly rent cost

340 BAM 520 BAM 1,400 BAM
MINIMUM AVERAGE MAXIMUM
$190 $290 $760

3-bedroom apartment monthly rent cost

410 BAM 690 BAM 1,900 BAM
MINIMUM AVERAGE MAXIMUM
$230 $380 $1,000

Furnished apartment monthly rent cost

830 BAM 2,100 BAM 4,100 BAM
MINIMUM AVERAGE MAXIMUM
$460 $1,100 $2,300

Townhouse monthly rent cost

690 BAM 1,000 BAM 2,900 BAM
MINIMUM AVERAGE MAXIMUM
$380 $570 $1,600

House monthly rent cost

830 BAM 2,100 BAM 4,100 BAM
MINIMUM AVERAGE MAXIMUM
$460 $1,100 $2,300

Villa monthly rent cost

1,000 BAM 2,600 BAM 4,100 BAM
MINIMUM AVERAGE MAXIMUM
$570 $1,400 $2,300

The monthly rental cost of a studio apartment in Medjugorje ranges between 170 BAM and 690 BAM, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 260 BAM to 1,000 BAM. Two-bedroom rentals rate ranges between 340 BAM and 1,400 BAM per month. The monthly rental for a three-bedroom apartment ranges from 410 BAM to 1,900 BAM. The average rent of a townhouse in Medjugorje is around 1,000 BAM while house rental costs can be as high as 2,100 BAM per month. Finally, if you want to rent a villa, expect to pay anywhere from 1,000 BAM to 4,100 BAM per month.



Apartment and house prices in Medjugorje

Cost of buying a property

Studio apartment price

34,000 BAM 52,000 BAM 100,000 BAM
MINIMUM AVERAGE MAXIMUM
$19,000 $29,000 $57,000

1-bedroom apartment price

41,000 BAM 69,000 BAM 260,000 BAM
MINIMUM AVERAGE MAXIMUM
$23,000 $38,000 $140,000

2-bedroom apartment price

69,000 BAM 210,000 BAM 410,000 BAM
MINIMUM AVERAGE MAXIMUM
$38,000 $110,000 $230,000

3-bedroom apartment price

230,000 BAM 340,000 BAM 1M BAM
MINIMUM AVERAGE MAXIMUM
$130,000 $190,000 $570,000

Townhouse price

290,000 BAM 690,000 BAM 2.6M BAM
MINIMUM AVERAGE MAXIMUM
$160,000 $380,000 $1.4M

House price

340,000 BAM 2.1M BAM 2.9M BAM
MINIMUM AVERAGE MAXIMUM
$190,000 $1.1M $1.6M

Villa price

410,000 BAM 2.3M BAM 3.4M BAM
MINIMUM AVERAGE MAXIMUM
$230,000 $1.3M $1.9M

The average price of a studio apartment in Medjugorje can range from 34,000 BAM to 100,000 BAM depending on location. One bedroom cost can be anywhere from 41,000 BAM to 260,000 BAM. A villa can cost you 2.3M BAM on average with prices ranging from 410,000 BAM to 3.4M BAM.


If you're leasing or purchasing, housing costs in Medjugorje will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio


Property price to income ratio

( average property price / average monthly income ) x 100


30 x87 monthly income 177
MINIMUM AVERAGE MAXIMUM

Property prices in Medjugorje can be x87 to x177 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x87 multiples of the average monthly salary in Medjugorje.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


18% 27% of income 36%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Medjugorje is around 27%. This means that people pay 27% of their income for rent. Those figures can range from 18% to 36% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index
25%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.


FROM
2%
AVERAGE
3%
TO
4%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.


3.1 BAM 40 BAM 400 BAM
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Monthly costs and expenses of energy and basic utilities in Medjugorje

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Medjugorje

Utility Bill Cost / Electricity + Water + Gas / Individual

12 BAM 82 BAM 550 BAM
MINIMUM AVERAGE MAXIMUM
$6.5 $46 $300

Utility Bill Cost / Electricity + Water + Gas / Couple

31 BAM 100 BAM 670 BAM
MINIMUM AVERAGE MAXIMUM
$17 $57 $370

Utility Bill Cost / Electricity + Water + Gas / Family

53 BAM 150 BAM 990 BAM
MINIMUM AVERAGE MAXIMUM
$30 $85 $550

Internet and cable cost

11 BAM 23 BAM 31 BAM
MINIMUM AVERAGE MAXIMUM
$6.4 $13 $17

Mobile phone bill and charges

9.2 BAM 15 BAM 46 BAM
MINIMUM AVERAGE MAXIMUM
$5.1 $8.5 $25

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.


The average monthly expenditure for individuals on electricty, water, and gas in Medjugorje ranges between 12 BAM and 550 BAM with average being 82 BAM, meanwhile the expenditure of couples is slightly higher at 100 BAM with 31 BAM and 670 BAM being the upper and lower limits respectively. As expected, the energy and water consumption of families is the highest among the three groups with an average of 150 BAM. The cost of internet and WiFi is unchanged among the three groups and ranges from 11 BAM to 31 BAM with 23 BAM being the average internet bill. Finally, the average monthly mobile charges is around 15 BAM but can range between 9.2 BAM and 46 BAM depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


2.7% 5.4% of income 9%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Medjugorje is around 5.4%. This means that people pay 5.4% of their income for energy, water, internet, and mobile charges. Those figures can range from 2.7% to 9% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Medjugorje

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Medjugorje

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

2.3 BAM 4.6 BAM 7.6 BAM
MINIMUM AVERAGE MAXIMUM
$1.3 $2.5 $4.2

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Medjugorje is approximatly 4.6 BAM with meal cost ranging from 2.3 BAM to 7.6 BAM. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

7.3 BAM 11 BAM 22 BAM
MINIMUM AVERAGE MAXIMUM
$4 $6 $12

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 7.3 BAM and 22 BAM with 11 BAM being the average price of a plate for one person at a regular restaurant in Medjugorje.

Fine dining meal for one price

15 BAM 22 BAM 87 BAM
MINIMUM AVERAGE MAXIMUM
$8.1 $12 $48

The price range of a meal at fine-dining restaurant is 15 BAM to 87 BAM with the average cost being 22 BAM for one person. This is what you would expect to pay a top-tier diner in Medjugorje.

Beverage prices, cappuccino, latte etc..

1.9 BAM 3.1 BAM 4.6 BAM
MINIMUM AVERAGE MAXIMUM
$1.1 $1.7 $2.5

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Medjugorje is around 3.1 BAM. Price ranges between 1.9 BAM and 4.6 BAM depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

1.5 BAM 1.8 BAM 2.3 BAM
MINIMUM AVERAGE MAXIMUM
$0.85 $1 $1.3

The average price of a large bottle of milk in Medjugorje is 1.8 BAM. The maximum what you would pay for milk is 2.3 BAM and the minimum being 1.5 BAM depending on the brand of milk and other properties.

12 eggs price

1.1 BAM 1.5 BAM 2.3 BAM
MINIMUM AVERAGE MAXIMUM
$0.64 $0.85 $1.3

A dozen eggs costs around 1.5 BAM on average with 1.1 BAM and 2.3 BAM being the lower and upper limits respectively.

Fresh whole chicken price

2.6 BAM 3.4 BAM 4.8 BAM
MINIMUM AVERAGE MAXIMUM
$1.4 $1.9 $2.7

The price range of a fresh whole chicken in Medjugorje is between 2.6 BAM and 4.8 BAM depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 3.4 BAM.

Pack of beef price

3.1 BAM 4.6 BAM 9.2 BAM
MINIMUM AVERAGE MAXIMUM
$1.7 $2.5 $5.1

The price of a regular pack of beef or meat is around 4.6 BAM. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

1.2 BAM 1.7 BAM 2.4 BAM
MINIMUM AVERAGE MAXIMUM
$0.68 $0.94 $1.3

A bag of rice in Medjugorje costs around 1.7 BAM on average with prices rangeing between 1.2 BAM and 2.4 BAM depending on the brand and quality.

Bag of tomatos price

0.46 BAM 0.61 BAM 1.1 BAM
MINIMUM AVERAGE MAXIMUM
$0.25 $0.34 $0.64

A bag of tomatoes costs anywhere from 0.46 BAM to 1.1 BAM. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

0.82 BAM 1.1 BAM 1.8 BAM
MINIMUM AVERAGE MAXIMUM
$0.45 $0.60 $0.98

A bag of apples costs 1.1 BAM on average. A bag of apples denotes 1Kg or 1lb depending on location.


Grocery and food expenditure to income ratio


( monthly grocery expenses / monthly income ) x 100


17% 24% of income 30%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Medjugorje is around 24%. This means that people spend 24% of their income on grocery and basic household items. The expenditure can range from 17% to 30% depending on salary and location.


Expenditure on food and grocery for every population group

A single person living alone spends approximately 220 BAM per month on grocery and food with expenditure fluctuating between 31 BAM and 1,500 BAM depending on location and the type of person. The average cost of food and groceries for a couple is around 320 BAM per month. That number can be get as low as 110 BAM or a high as 1,700 BAM. Families' spending on grocery ranges from 190 BAM to 3,600 BAM with the location, income, and size of the family being the most determinite factors.


Single
Spending habits, consumption analysis, and expenditure patterns for a single person living in Medjugorje

Housing cost for a single person30%

30% of total expenses on average (18% to 42%)

LOW$39   70 BAM
AVERAGE$270   490 BAM
HIGH$1,800   3,300 BAM
Per Month

Utilities, Electricity, Water, Internet, Mobile8%

8% of total expenses on average (4% to 13%)

LOW$6.5   12 BAM
AVERAGE$46   82 BAM
HIGH$300   550 BAM
Per Month

Transport and Fuel Cost5%

5% of total expenses on average (3% to 11%)

LOW$8.6   16 BAM
AVERAGE$61   110 BAM
HIGH$410   730 BAM
Per Month

Food and Groceries Cost19%

19% of total expenses on average (13% to 24%)

LOW$17   31 BAM
AVERAGE$120   220 BAM
HIGH$810   1,500 BAM
Per Month

Healthcare Cost12%

12% of total expenses on average (6% to 16%)

LOW$9.7   17 BAM
AVERAGE$69   120 BAM
HIGH$460   820 BAM
Per Month

Leisure and Shopping Expenditure3%

3% of total expenses on average (2% to 6%)

LOW$5.4   9.7 BAM
AVERAGE$38   69 BAM
HIGH$250   460 BAM
Per Month

Education Cost1%

1% of total expenses on average (0.00% to 3%)

LOW$2.2   3.9 BAM
AVERAGE$15   27 BAM
HIGH$100   180 BAM
Per Month

Other Expenses21%

21% of total expenses on average (13% to 25%)

LOW$19   35 BAM
AVERAGE$140   250 BAM
HIGH$910   1,600 BAM
Per Month


Couple
Average monthly living expenditure breaks and spending patterns for couples in Medjugorje

Housing cost for a couple27%

27% of total expenses on average (20% to 37%)

LOW$140   260 BAM
AVERAGE$430   780 BAM
HIGH$2,300   4,200 BAM
Per Month

Utilities, Electricity, Water, Internet, Mobile7%

7% of total expenses on average (5% to 11%)

LOW$17   31 BAM
AVERAGE$57   100 BAM
HIGH$370   670 BAM
Per Month

Transport and Fuel Cost9%

9% of total expenses on average (3% to 14%)

LOW$51   92 BAM
AVERAGE$150   270 BAM
HIGH$810   1,500 BAM
Per Month

Food and Groceries Cost17%

17% of total expenses on average (12% to 22%)

LOW$59   110 BAM
AVERAGE$180   320 BAM
HIGH$950   1,700 BAM
Per Month

Healthcare Cost14%

14% of total expenses on average (8% to 18%)

LOW$47   84 BAM
AVERAGE$140   250 BAM
HIGH$750   1,300 BAM
Per Month

Leisure and Shopping Cost4%

4% of total expenses on average (1% to 7%)

LOW$25   46 BAM
AVERAGE$76   140 BAM
HIGH$410   730 BAM
Per Month

Education Cost1%

1% of total expenses on average (0.00% to 3%)

LOW$8.5   15 BAM
AVERAGE$25   46 BAM
HIGH$140   240 BAM
Per Month

Other Expenses20%

20% of total expenses on average (14% to 26%)

LOW$72   130 BAM
AVERAGE$220   390 BAM
HIGH$1,200   2,100 BAM
Per Month


Family
Average monthly expenses and break out of spending for families living in Medjugorje

Housing cost for a family26%

26% of total expenses on average (21% to 36%)

LOW$190   340 BAM
AVERAGE$540   980 BAM
HIGH$3,500   6,400 BAM
Per Month

Utilities, Electricity, Water, Internet, Mobile5%

5% of total expenses on average (3% to 8%)

LOW$30   53 BAM
AVERAGE$85   150 BAM
HIGH$550   990 BAM
Per Month

Transport and Fuel Expenses5%

5% of total expenses on average (3% to 7%)

LOW$59   110 BAM
AVERAGE$170   310 BAM
HIGH$1,100   2,000 BAM
Per Month

Food and Groceries Cost21%

21% of total expenses on average (14% to 27%)

LOW$110   190 BAM
AVERAGE$300   550 BAM
HIGH$2,000   3,600 BAM
Per Month

Healthcare Expenses11%

11% of total expenses on average (7% to 16%)

LOW$53   96 BAM
AVERAGE$170   310 BAM
HIGH$880   1,600 BAM
Per Month

Leisure and Shopping Cost3%

3% of total expenses on average (1% to 7%)

LOW$30   53 BAM
AVERAGE$85   150 BAM
HIGH$550   990 BAM
Per Month

Education Cost13%

13% of total expenses on average (6% to 21%)

LOW$83   150 BAM
AVERAGE$240   430 BAM
HIGH$1,500   2,800 BAM
Per Month

Other Expenses15%

15% of total expenses on average (8% to 20%)

LOW$47   86 BAM
AVERAGE$140   240 BAM
HIGH$880   1,600 BAM
Per Month


Student
Cost of living and expenses break down for students living in Medjugorje

Housing costs for Student18%

18% of total expenses on average (13% to 24%)

LOW$20   37 BAM
AVERAGE$130   240 BAM
HIGH$890   1,600 BAM
Per Month

Utilities, Electricity, Water, Internet, and Mobile Expenses6%

6% of total expenses on average (4% to 10%)

LOW$3.4   6.1 BAM
AVERAGE$22   40 BAM
HIGH$150   270 BAM
Per Month

Transport and Fuel Cost4%

4% of total expenses on average (4% to 10%)

LOW$5.9   11 BAM
AVERAGE$39   70 BAM
HIGH$260   470 BAM
Per Month

Food and Groceries Expenditure23%

23% of total expenses on average (17% to 27%)

LOW$17   31 BAM
AVERAGE$110   200 BAM
HIGH$740   1,300 BAM
Per Month

Healthcare Cost9%

9% of total expenses on average (6% to 12%)

LOW$5.1   9.2 BAM
AVERAGE$33   60 BAM
HIGH$220   400 BAM
Per Month

Leisure and Shopping Cost3%

3% of total expenses on average (2% to 7%)

LOW$4.2   7.6 BAM
AVERAGE$28   50 BAM
HIGH$190   330 BAM
Per Month

Education Cost18%

18% of total expenses on average (11% to 23%)

LOW$16   29 BAM
AVERAGE$110   190 BAM
HIGH$700   1,300 BAM
Per Month

Other Expenses18%

18% of total expenses on average (12% to 24%)

LOW$13   23 BAM
AVERAGE$83   150 BAM
HIGH$560   1,000 BAM
Per Month
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