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Bosnia and Herzegovina

#53 globallyEurope

Average salary: $10,500/year ยท Currency: BAM KM

Mean Annual Salary

$10,500

gross USD

Median Annual Salary

$8,500

gross USD

GDP per Capita

$7,574

current USD

PPP Factor

ร—0.41

vs USD base

Tax Breakdown at Median Salary

Estimated
Gross Income$8,500
Income Tax$1,105
Social Security$425
Health Insurance$170

Take-Home (Net) Annual

$6,800

Effective Tax Rate

20.0%

* Based on median salary of $8,500. Estimated combined rate. Consult a tax professional for accurate calculations.

๐Ÿ‡ง๐Ÿ‡ฆ Bosnia and Herzegovina Economic Overview

Currency

BAM (KM)

Region

Europe

Population

3.3M

Gini Coefficient

0.330

Cost of Living Index

41 (US=100)

Tax Data Available

Estimated

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Salary vs Global Benchmarks

Global Mean$18,000
Europe Mean$30,959
Bosnia and Herzegovina Mean$10,500

Global Ranking

#53

out of 117 countries

by average salary

About Salaries in Bosnia and Herzegovina

The average annual salary in Bosnia and Herzegovina is approximately $10,500 (gross, in USD), with a median of $8,500. The country ranks #53 out of 117 countries by average salary.

At the median salary, workers in Bosnia and Herzegovina take home approximately $6,800 after taxes โ€” an effective tax rate of 20.0%. The purchasing power parity factor of ร—0.41 means that in real terms, living costs are lower than in the United States.

Bosnia and Herzegovina is located in the Europe region. Income inequality, measured by the Gini coefficient, is 0.330 (moderate inequality).