A brand new examine has revealed Scottsdale, Arizona, to be essentially the most worthwhile metropolis for Airbnb hosts. Analysis by private finance specialists Wealth of Geeks calculated how a lot further owners can earn from renting out properties per evening, utilizing the typical Airbnb worth in every location. The associated fee was then in comparison with the typical weekly wage utilizing U.S. Bureau of Labor Statistics information for all the nation to find out the ultimate rating.
Place |
Airbnb revenue as % of common weekly wage |
Scottsdale, Arizona |
55.90% |
Tempe, Arizona and Charlestown, South Carolina |
50.00% |
Phoenix, Arizona |
47.90% |
Vegas, Nevada |
43.10% |
Glendale, Arizona |
42.80% |
Gilbert, Arizona |
40.90% |
Chandler, Arizona |
40.00% |
Virginia Seaside, Virginia |
38.70% |
North Charleston, South Carolina |
36.70% |
Mesa, Arizona |
36.30% |
That is revealed by the numbers Scottsdale, Arizona, is the highest metropolis for Airbnb hosts, with a mean nightly worth of $449, which is 55.9% of the town’s common weekly wage. Whereas Scottsdale has one of many highest weekly incomes of any location at $804, Airbnb’s rental value tops the checklist at $47.
Subsequent up is one other Arizona metropolis, with Tempe sharing second place subsequent to Charleston, South Carolina. The worth of 1 evening in each places is as much as 50% of the typical weekly wage; the primary at $402 per evening, and the second at $345.
Phoenix it follows intently in third place with a mean nightly worth of $385, which equates to 47.9% of the typical weekly wage of $804. The Arizona metropolis boasts many vacationer sights, together with the spectacular Chase Stadium, Thriller Fort and Papago Park, all of which assist entice enormous numbers of individuals, with 19.5 million individuals visiting in 2022.
Las Vegas revenue in fourth place, averaging $312 per evening, including as much as 43.1% of Nevada’s common weekly wage of $724. This internationally famend resort has roughly 2.9 million guests yearly and is the sixth most visited metropolis within the nation.
Glendale, Arizona rounds out the highest 5, costing a mean of $344 per evening, which equates to 42.8% of the nationwide common weekly wage. The town is positioned simply 9 miles from Phoenix and is house to State Farm Stadium, the place the NFL franchise, the Arizona Cardinals, maintain their sport schedule.
Neighboring metropolis Gilbert, Arizona it follows subsequent, with a single evening on Airbnb averaging $329, which equates to 40.9% of a resident’s common weekly revenue. Customer sights embrace Gilbert Regional Park and Desert Sky Park, each of which underwent multi-million greenback renovations in 2019.
Chandler, Arizona may be very shut, with Airbnb’s worth simply $7 lower than Gilbert’s, that means it provides as much as 40% of the $804 weekly wage. Quite a few buildings within the metropolis are both on the Nationwide Register of Historic Locations or listed as such by the Chandler Historic Society, together with the Arizona Railroad Museum.
The rating is in eighth place Virginia Seaside. The Virginia metropolis has the very best common weekly wage of another within the prime ten at $857 and a mean Airbnb worth of $332 per evening, which equates to 38.7% of earnings. The town is listed within the Guinness E-book of World Data as the town with the longest leisure seaside on this planet and attracted a whopping 13.6 million guests in 2022.
North Charleston it ranks ninth and is the second South Carolina metropolis to make the highest ten. It additionally has the bottom value per evening in comparison with different ranked cities at a mean of $254, which equates to 36.7% of its common weekly wage of $690 – the second lowest of all cities analyzed within the survey.
Meat completed within the prime ten and is the seventh Arizona metropolis to rank greater on the checklist. It additionally has the second lowest common Airbnb worth of $292 per evening, which is 36.3% of the median weekly earnings.
Commenting on the analysis findings, Michael Dinich, founder A wealth of nerds He mentioned: “It is clear from the numbers that Arizona is a hub for vacationers, which is mirrored in the truth that costs appear to be within the greater finish in comparison with cities in different states.
“The flexibility for residents to earn greater than half their weekly wages from renting out a property for one evening is spectacular, to not point out an especially handy solution to earn further revenue – it is lots simpler than a long-term second job or aspect hustle. “