What Are the Most Profitable Airbnb Cities for Hosts and Owners | Entrepreneur - Latest Global News

What Are the Most Profitable Airbnb Cities for Hosts and Owners | Entrepreneur

In some cities, Airbnb listings earn more than the average weekly wage – all in one night.

Using data from Airbnb and the US Bureau of Labor Statistics, financial site Wealth of Geeks compared average weekly salary data with the average cost per night of a short-term Airbnb rental and found the 10 best cities in which to make money renting an Airbnb could host the most – and in some cases more than half the salary they would have earned in a week.

Related: Airbnb Just Introduced Big Changes for Hosts and Guests, as well as New Tools for Groups: “This Will Be a Huge Win”

“The opportunity for residents to earn more than half of their weekly salary by renting out a property for a single night is impressive, not to mention it is an extremely convenient way to earn extra income – it is much easier than time-consuming second jobs or part-time jobs.” “Explained Michael Dinich, founder of Wealth of Geeks.

Arizona has seven spots in the top 10, including No. 1 and No. 2.

Airbnb, meanwhile, recently updated its platform with more experiences for guests, introducing the ability to stay in “Icons” homes around the world, from the house in the movie “Up” to Prince’s “Purple Rain” home.

Airbnb also recently released new tools for hosts, such as group messaging.

Related: Airbnb’s new “Icons” cost less than $100 a night, including the house from “Up” and Prince’s “Purple Rain.”

Here are the most profitable cities in the US for Airbnb hosts, based on Airbnb income as a percentage of average weekly wages.

1. Scottsdale, Arizona

Average weekly salary: $804

Average Airbnb cost per night: $449

Airbnb Income as a Percentage of Average Weekly Wage: 55.9%

2. (Tie) Tempe, Arizona

Average weekly salary: $804

Average Airbnb cost per night: $402

Airbnb Income as a Percentage of Average Weekly Wage: 50%

2. (tie) Charlestown, South Carolina

Average weekly salary: $690

Average Airbnb cost per night: $345

Airbnb Income as a Percentage of Average Weekly Wage: 50%

3. Phoenix, Arizona

Average weekly salary: $804

Average Airbnb cost per night: $385

Airbnb Income as a Percentage of Average Weekly Wage: 47.9%

4. Las Vegas, Nevada

Average weekly salary: $724

Average Airbnb cost per night: $312

Airbnb Income as a Percentage of Average Weekly Wage: 43.1%

5. Glendale, Arizona

Average weekly salary: $804

Average Airbnb cost per night: $344

Airbnb Income as a Percentage of Average Weekly Wage: 42.8%

6. Gilbert, Arizona

Average weekly salary: $804

Average Airbnb cost per night: $329

Airbnb Income as a Percentage of Average Weekly Wage: 40.9%

7. Chandler, Arizona

Average weekly salary: $804

Average Airbnb cost per night: $322

Airbnb Income as a Percentage of Average Weekly Wage: 40%

8. Virginia Beach, Virginia

Average weekly salary: $857

Average Airbnb cost per night: $332

Airbnb Income as a Percentage of Average Weekly Wage: 38.7%

9. North Charleston, South Carolina

Average weekly salary: $690

Average Airbnb cost per night: $254

Airbnb Income as a Percentage of Average Weekly Wage: 36.7%

10. Mesa, Arizona

Average weekly salary: $804

Average Airbnb cost per night: $292

Airbnb Income as a Percentage of Average Weekly Wage: 36.3%

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