In some cities, Airbnb listings make greater than the common weekly wage — in a single evening.
Utilizing information from Airbnb and the U.S. Bureau of Labor Statistics, the monetary website Wealth of Geeks in contrast common weekly wage information to the common value per evening of a short-term Airbnb rental and located the ten prime cities the place renting out an Airbnb might earn a number essentially the most — and in some instances, greater than half the wage they might have made in every week.
Associated: Airbnb Simply Rolled Out Main Modifications for Hosts and Visitors, Plus New Instruments for Teams: ‘It is Going to Be a Large 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, an especially handy method to earn additional earnings – it is a lot simpler than time-consuming second jobs or aspect hustles,” Michael Dinich, founding father of Wealth of Geeks acknowledged.
Arizona has seven spots within the prime 10, together with No. 1 and No. 2.
Airbnb, in the meantime, has lately up to date its platform with extra experiences for visitors and launched the choice to remain at “Icons” homes world wide, from the home within the film “Up” to Prince’s “Purple Rain” residence.
Airbnb additionally 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 below are essentially the most worthwhile cities within the U.S. for Airbnb hosts, based mostly on Airbnb earnings as a proportion of the common weekly wage.
1. Scottsdale, Arizona
Common weekly wage: $804
Common Airbnb value per evening: $449
Airbnb earnings as a proportion of the common weekly wage: 55.9%
2. (tied) Tempe, Arizona
Common weekly wage: $804
Common Airbnb value per evening: $402
Airbnb earnings as a proportion of the common weekly wage: 50%
2. (tied) Charlestown, South Carolina
Common weekly wage: $690
Common Airbnb value per evening: $345
Airbnb earnings as a proportion of the common weekly wage: 50%
3. Phoenix, Arizona
Common weekly wage: $804
Common Airbnb value per evening: $385
Airbnb earnings as a proportion of the common weekly wage: 47.9%
4. Las Vegas, Nevada
Common weekly wage: $724
Common Airbnb value per evening: $312
Airbnb earnings as a proportion of the common weekly wage: 43.1%
5. Glendale, Arizona
Common weekly wage: $804
Common Airbnb value per evening: $344
Airbnb earnings as a proportion of the common weekly wage: 42.8%
6. Gilbert, Arizona
Common weekly wage: $804
Common Airbnb value per evening: $329
Airbnb earnings as a proportion of the common weekly wage: 40.9%
7. Chandler, Arizona
Common weekly wage: $804
Common Airbnb value per evening: $322
Airbnb earnings as a proportion of the common weekly wage: 40%
8. Virginia Seashore, Virginia
Common weekly wage: $857
Common Airbnb value per evening: $332
Airbnb earnings as a proportion of the common weekly wage: 38.7%
9. North Charleston, South Carolina
Common weekly wage: $690
Common Airbnb value per evening: $254
Airbnb earnings as a proportion of the common weekly wage: 36.7%
10. Mesa, Arizona
Common weekly wage: $804
Common Airbnb value per evening: $292
Airbnb earnings as a proportion of the common weekly wage: 36.3%
