What Are the Most Worthwhile Airbnb Cities for Hosts, Homeowners

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

Utilizing knowledge from Airbnb and the U.S. Bureau of Labor Statistics, the monetary website Wealth of Geeks in contrast common weekly wage knowledge to the common price per night time of a short-term Airbnb rental and located the ten high cities the place renting out an Airbnb may earn a bunch essentially the most — and in some circumstances, greater than half the wage they’d have made in per week.

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

“The flexibility for residents to earn over half their weekly wage from renting out a property for a single night time is spectacular, to not point out, an especially handy method to earn further revenue – it is a lot simpler than time-consuming second jobs or facet hustles,” Michael Dinich, founding father of Wealth of Geeks said.

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

Airbnb, in the meantime, has just lately up to date its platform with extra experiences for visitors and launched the choice to remain at “Icons” homes all over the world, from the home within the film “Up” to Prince’s “Purple Rain” dwelling.

Airbnb additionally just lately launched new instruments for hosts, like group messaging.

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

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

1. Scottsdale, Arizona

Common weekly wage: $804

Common Airbnb price per night time: $449

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

2. (tied) Tempe, Arizona

Common weekly wage: $804

Common Airbnb price per night time: $402

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

2. (tied) Charlestown, South Carolina

Common weekly wage: $690

Common Airbnb price per night time: $345

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

3. Phoenix, Arizona

Common weekly wage: $804

Common Airbnb price per night time: $385

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

4. Las Vegas, Nevada

Common weekly wage: $724

Common Airbnb price per night time: $312

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

5. Glendale, Arizona

Common weekly wage: $804

Common Airbnb price per night time: $344

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

6. Gilbert, Arizona

Common weekly wage: $804

Common Airbnb price per night time: $329

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

7. Chandler, Arizona

Common weekly wage: $804

Common Airbnb price per night time: $322

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

8. Virginia Seaside, Virginia

Common weekly wage: $857

Common Airbnb price per night time: $332

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

9. North Charleston, South Carolina

Common weekly wage: $690

Common Airbnb price per night time: $254

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

10. Mesa, Arizona

Common weekly wage: $804

Common Airbnb price per night time: $292

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