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.
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
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%
