New research reveals the most profitable US cities for Airbnb hosts
Figures reveal that Scottsdale, Arizona, is the best city for Airbnb hosts, with one night’s stay at a property costing $449 on average, which is 55.9% of the median weekly salary in the city. While Scottsdale has one of the highest weekly incomes of any location at $804, the cost of renting an Airbnb is the highest on the list by $47.
Another Arizonan city places next, with Tempe sharing second place alongside Charleston, South Carolina. The cost of a single night stay in both locations adds up to 50% of the average weekly wage; the former at $402 per night and the latter at $345.
Phoenix follows closely in third with an average cost per night of $385, equaling 47.9% of the weekly $804 average wage. The city in Arizona boasts many tourist attractions, including the impressive Chase Stadium, Mystery Castle, and Papago Park, all of which help to entice huge numbers, with 19.5 million people visiting in 2022.
Las Vegas proceeds in fourth, costing $312 per night on average, adding up to 43.1% of Nevada’s median weekly wage of $724. The internationally renowned resort city has approximately 2.9 million visitors per year and is the sixth most visited city in the country.
Glendale, Arizona rounds out the top five, costing $344 on average per night, equating to 42.8% of the state’s average weekly salary. The city lies just nine miles away from Phoenix and houses State Farm Stadium, where NFL franchise, the Arizona Cardinals, host scheduled fixtures.
Neighboring town Gilbert, Arizona follows next, with a solitary night’s stay at an Airbnb costing $329 on average, equating to 40.9% of residents’ average income per week. Attractions to visitors include Gilbert Regional Park and Desert Sky Park, both of which underwent multi-million-dollar renovations in 2019.
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