HomePersonal FinanceWhat Are the Most Profitable Airbnb Cities for Hosts, Owners
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What Are the Most Profitable Airbnb Cities for Hosts, Owners

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In some cities, Airbnb listings make greater than the common weekly wage — in a single evening.

Utilizing knowledge from Airbnb and the U.S. Bureau of Labor Statistics, the monetary web site Wealth of Geeks in contrast common weekly wage knowledge to the common value per evening of a short-term Airbnb rental and located the ten high cities the place renting out an Airbnb might earn a bunch probably the most — and in some instances, greater than half the wage they might have made in per week.

Associated: Airbnb Simply Rolled Out Main Adjustments for Hosts and Friends, Plus New Instruments for Teams: ‘It is Going to Be a Massive Win’

“The power for residents to earn over half their weekly wage from renting out a property for a single evening is spectacular, to not point out, a particularly handy solution to earn additional revenue – it is a lot simpler than time-consuming second jobs or facet hustles,” Michael Dinich, founding father of Wealth of Geeks acknowledged.

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Arizona has seven spots within the high 10, together with No. 1 and No. 2.

Airbnb, in the meantime, has not too long ago up to date its platform with extra experiences for friends and launched the choice to remain at “Icons” homes world wide, from the home within the film “Up” to Prince’s “Purple Rain” house.

Airbnb additionally not too long ago launched new instruments for hosts, like group messaging.

Associated: Airbnb’s New ‘Icons’ Value Much less Than $100 Per Night time, Together with the Home from ‘Up’ and Prince’s ‘Purple Rain’

Listed here are probably the most worthwhile cities within the U.S. for Airbnb hosts, primarily based on Airbnb revenue as a share of the common weekly wage.

1. Scottsdale, Arizona

Common weekly wage: $804

Common Airbnb value per evening: $449

Airbnb revenue as a share of the common weekly wage: 55.9%

2. (tied) Tempe, Arizona

Common weekly wage: $804

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Common Airbnb value per evening: $402

Airbnb revenue as a share of the common weekly wage: 50%

2. (tied) Charlestown, South Carolina

Common weekly wage: $690

Common Airbnb value per evening: $345

Airbnb revenue as a share of the common weekly wage: 50%

3. Phoenix, Arizona

Common weekly wage: $804

Common Airbnb value per evening: $385

Airbnb revenue as a share of the common weekly wage: 47.9%

4. Las Vegas, Nevada

Common weekly wage: $724

Common Airbnb value per evening: $312

Airbnb revenue as a share of the common weekly wage: 43.1%

5. Glendale, Arizona

Common weekly wage: $804

Common Airbnb value per evening: $344

Airbnb revenue as a share of the common weekly wage: 42.8%

6. Gilbert, Arizona

Common weekly wage: $804

Common Airbnb value per evening: $329

Airbnb revenue as a share of the common weekly wage: 40.9%

7. Chandler, Arizona

Common weekly wage: $804

Common Airbnb value per evening: $322

Airbnb revenue as a share of the common weekly wage: 40%

8. Virginia Seashore, Virginia

Common weekly wage: $857

Common Airbnb value per evening: $332

Airbnb revenue as a share of the common weekly wage: 38.7%

9. North Charleston, South Carolina

Common weekly wage: $690

Common Airbnb value per evening: $254

Airbnb revenue as a share of the common weekly wage: 36.7%

10. Mesa, Arizona

Common weekly wage: $804

Common Airbnb value per evening: $292

Airbnb revenue as a share of the common weekly wage: 36.3%

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