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In some cities, Airbnb listing Earn more than your average weekly wage in one night.
Using data from airbnb The U.S. Bureau of Labor Statistics and financial site Wealth of Geeks compared average weekly salary data with the average cost per night of short-term Airbnb rentals to find the top 10 cities where hosts can earn the most on Airbnb rentals. In some cases, it can be more than half of what you would have earned in a week.
Related: Airbnb announces big changes for hosts and guests, new tools for groups: ‘It’s going to be a huge success’
“It’s amazing that residents can earn more than half their weekly salary just by renting out a property for one night, not to mention it’s a very convenient way to earn extra income. ” says Michael Dinich, founder of Wealth of Geeks.
Arizona State has seven spots in the top 10, including No. 1 and No. 2.
Meanwhile, Airbnb recently updated its platform to increase experiences for guests, introducing the option to stay in “iconic” 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, including group messaging.
Related: Airbnb’s new ‘Icons’ cost less than $100 a night and include ‘Up’ homes 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 salary.
1. Scottsdale, Arizona
Average weekly salary: $804
Average cost per night on Airbnb: $449
Airbnb income as a percentage of average weekly salary: 55.9%
2. (Tie) Tempe, Arizona
Average weekly salary: $804
Average cost per night on Airbnb: $402
Airbnb income as a percentage of average weekly salary: 50%
2. (Tie) Charles Town, South Carolina
Average weekly salary: $690
Average cost per night on Airbnb: $345
Airbnb income as a percentage of average weekly salary: 50%
3. Phoenix, Arizona
Average weekly salary: $804
Average cost per night on Airbnb: $385
Airbnb income as a percentage of average weekly salary: 47.9%
4. Las Vegas, Nevada
Average weekly salary: $724
Average cost per night on Airbnb: $312
Airbnb income as a percentage of average weekly salary: 43.1%
5. Glendale, Arizona
Average weekly salary: $804
Average cost per night on Airbnb: $344
Airbnb income as a percentage of average weekly salary: 42.8%
6. Gilbert, Arizona
Average weekly salary: $804
Average cost per night on Airbnb: $329
Airbnb income as a percentage of average weekly salary: 40.9%
7. Chandler, Arizona
Average weekly salary: $804
Average cost per night on Airbnb: $322
Airbnb income as a percentage of average weekly salary: 40%
8. Virginia Beach, Virginia
Average weekly salary: $857
Average cost per night on Airbnb: $332
Airbnb income as a percentage of average weekly salary: 38.7%
9. North Charleston, South Carolina
Average weekly salary: $690
Average cost per night on Airbnb: $254
Airbnb income as a percentage of average weekly salary: 36.7%
10. Mesa, Arizona
Average weekly salary: $804
Average cost per night on Airbnb: $292
Airbnb income as a percentage of average weekly salary: 36.3%