The Cost of Living Index is 68.7, indicating moderate costs compared to New York City. Groceries (67.4) and restaurant prices (47.0) are also moderate.

The property price to income ratio is very high at 59.7 years, indicating a very expensive housing market. The Rent Index is 9.7, suggesting relatively low rental costs compared to New York City, but this may not fully reflect local affordability.

The Purchasing Power Index is 58.3, indicating low purchasing power compared to New York City. Median household income is modest, and a significant portion of the population lives below the poverty line.

American Samoa has its own income tax system, mirroring U.S. federal tax brackets (10-37%) for income up to $100,000, with separate local tables for higher incomes, and a minimum tax of 4% of Annual Gross Income. There is no sales tax, but a General Excise Tax (GET) of 4% applies to most goods and services. Property taxes are locally levied and generally lower than in U.S. states. Social Security and Medicare taxes apply.

The business environment is challenged by heavy reliance on the tuna canning industry and limited economic diversification. The startup ecosystem is nascent with limited funding and infrastructure, though community support exists. Establishing a business can be more difficult than in U.S. states.

American Samoa participates in U.S. Social Security and Medicare programs, with FICA taxes applying to most employment. The healthcare system is government-subsidized, with all residents having Medicaid with small co-pays. However, specialty care is limited. Federally funded food assistance programs are available, and unemployment benefits were extended during the pandemic.

Deposits are protected up to $250,000 per depositor per insured bank by the U.S. Federal Deposit Insurance Corporation (FDIC), as American Samoa is a U.S. territory. The banking sector is subject to U.S. federal banking laws and regulations, including anti-money laundering and consumer protection frameworks.