How Much Do Airbnb Hosts Make on Average per Month in 2024? (Revenue Reports by Country, State, City, and More)

Average Monthly Host Revenue by US State

It’s evident from the average monthly revenues above that location plays a significant role in determining host earnings. Hawaii is the top earner, with an average monthly revenue of $10,407. Despite New York’s strict short-term rental regulations, it’s still second on the list, with the average Airbnb host earning $8,949 monthly. Florida, known for its steady stream of visitors throughout the year, is somewhere in the middle. Airbnb hosts make an average of $6,279 in Florida.

These high-revenue states benefit from high tourism and attractive destinations, so there’s demand for short-term rentals, leading to these impressive numbers. On the other hand, some states in the Midwest, such as Kansas, Nebraska, and North Dakota, have the lowest averages (less than $3,000 per month). These areas may have less tourist appeal or face greater competition from traditional lodging options, resulting in lower earnings.

Average Monthly Host Revenue by US City

The US cities listed above are the best Airbnb locations in 2024 according to AirDNA’s market scores, which are calculated based on an area’s demand, investability, and regulations. Cities with significant tourism appeal, like Kihei, Hawaii, and Vail, Colorado, command impressive monthly revenues of $10,867 and $15,842, respectively. Usually, areas with natural attractions or a rich cultural history hold immense potential for Airbnb entrepreneurs.

However, the data also implies that revenue can be influenced by factors outside of pure tourism demand, such as tighter regulations or high property costs that affect Airbnb income. For instance, despite being a major city, San Francisco, with a monthly average of $5,633, lags behind lesser-known destinations like Indian Rocks Beach, Florida, where hosts make around $7,983 per month.

Average Monthly Host Revenue by Country (National Averages)

The revenue potential for Airbnb hosts varies per country since it’s intricately tied to the socio-economic and tourism landscape unique to each nation. Some countries, particularly exclusive travel destinations like Fiji and Vatican City, are outliers with monthly revenues of $25,441 and $5,395, respectively. Then, nations like Venezuela continue to struggle economically, yielding a modest average of $222.86 per month.

Average Monthly Host Revenue by City

Average Monthly Host Revenue by Canadian City

The top Canadian cities for Airbnb listed above were also based on AirDNA market scores. While average host revenues in the top 2 Canadian cities (Saint Joachim with CAD 6,058 and Yellowknife with CAD 3,958) are notable, they fall short compared to top US destinations in the previous section. This disparity may be attributed to factors like the international allure and year-round appeal of certain US locations (such as Hawaii’s tropical beaches or Colorado’s ski resorts) or a more entrenched short-term rental culture in the country.

Average Monthly Host Revenue by UK City

The average monthly revenues for UK cities in 2024 were promising for Airbnb hosts. Lake District in Cumbria tops the list with £4,217 monthly revenue, closely followed by Gloucester Cheltenham at £4,175. Comparing these figures to North American revenues, the top UK destinations are competitive, with some cities surpassing many Canadian locations. Still, plenty of US cities show even higher revenue figures.

Average Monthly Host Revenue by Australian City

Australia’s monthly Airbnb revenue averages AUD 6,638 in 2024. Among all the Australian cities above, the Whitsunday region is undeniably the standout, with a staggering monthly host revenue of AUD 15,125. This figure surpasses many top US locations, like San Juan and Honolulu, and could be attributed to the area’s world-renowned islands and the Great Barrier Reef. In contrast, Joondalup in Western Australia, despite having a high occupancy rate of 74%, yields one of the lowest average monthly revenues at AUD 4,075.

Average Monthly Host Revenue by Market Type

Airbnb hosts make the most in coastal locations (like Kahuku, Kilauea, and Koloa in Hawaii), with a monthly average revenue of $10,189 for this type of market. This high value is unsurprising since travelers often seek ocean views and beach activities for relaxation and adventure. Closely following coastal markets are urban areas (such as Boston, Massachusetts and Nashville, Tennessee), with a monthly revenue of $8,596 due to their dense population, business hubs, and cultural offerings.

Average Monthly Host Revenue by Listing Type

Airbnb hosts with “Entire Place” listings secure the highest average monthly revenue of $7,716. This number reflects travelers’ preferences for privacy and comfort that come with a full-fledged living space. In contrast, “Private Room” listings, where guests have a dedicated room within a shared property, earn significantly less, with an average revenue of $1,948. The lowest revenue bracket is occupied by “Shared Room” listings, pooling in a modest $1,134. These are spaces where guests share the room with others, similar to hostels, and they appeal to budget travelers or backpackers. They command a lower price point and have a limited market, resulting in lesser revenue.

Average Monthly Host Revenue by Real Estate Type

Based on real estate type, houses take the lead with an average monthly revenue of $8,297. It only makes sense because entire homes accommodate large groups or families and have multiple rooms, facilities, and a homely environment for extended stays. Apartments take second place with $4,270 monthly revenue. And unique listings, encompassing anything from treehouses to converted barns, trail closely behind with an average of $4,174.

Average Monthly Host Revenue by Bedroom Number

The average monthly host revenue for Airbnb listings directly correlates with bedroom number. After all, the more bedrooms you have, the more space you rent out, thus more earnings. However, properties with more bedrooms have increased operational costs.

The figures above indicate a robust market for larger accommodations, possibly driven by big families, group travelers, or corporate retreats. There’s also a high demand for such properties in rural and coastal markets — areas that cater to destination weddings, large group vacations, or conference venues.

Average Monthly Host Revenue by Guest Capacity

Interestingly, the revenue breakdown by guest capacity doesn’t follow an increasing pattern like the average monthly revenues per bedroom number. Instead, the averages in the first four guest capacity categories fluctuate. While it seems counterintuitive that the revenue decreases for a capacity of 2 ($3,287) compared to 1 ($4,873) and then increases again for 3 ($3,806), these changes may be attributed to factors like property size, listing type, or pricing strategies.

Hosts with a capacity for only one guest may be offering unique, high-end accommodations like private suites or studios, which may justify the higher revenue. In contrast, properties with a capacity of 2 may consist of more standard rooms or shared spaces, potentially leading to a lower average revenue. And for a guest capacity of 3, hosts may offer a combination of room types, leading to a revenue increase. Hosts may also employ different pricing strategies for different guest capacities. They may offer discounts for single travelers or premium rates for couples. These strategies can impact revenue figures.

Average Monthly Host Revenue by Occupancy Rate

As the occupancy rate increases, there’s a clear upward trajectory in average monthly host revenue. This trend isn’t surprising, as higher occupancy rates typically translate to more frequent bookings and greater income potential for hosts. In the 0-20% occupancy range, Airbnb hosts make only $685 per month, while those in the 81-100% range achieve an impressive $7,162. Occupancy rates over 80% represent the pinnacle of host success, and hosts achieving these high occupancy rates are likely employing advanced pricing strategies, providing top-notch amenities, and maintaining exceptional guest satisfaction.

Average Monthly Host Revenue by Amenity

Various amenities can enhance a property’s appeal and contribute to an Airbnb host’s increased earnings. EV chargers lead the pack, generating an average monthly revenue of $4,499, likely attracting eco-conscious guests with electric vehicles. Beachfront properties are also associated with higher earnings, with an average monthly revenue of $4,399. Other sought-after amenities, like hot tubs ($4,469) and pools ($4,019), significantly boost host revenue, especially in leisure destinations. Meanwhile, practical amenities such as kitchens and washers contribute positively to earnings but may not command as high premiums.

Airbnb Profit Formula:

Airbnb Net Profit =(Occupancy Rate Average Daily Rate) - Net Operating Expenses