Are there Airbnb millionaires?

Rob started his journey four years ago with little information and money, but lots of hope (and a supportive spouse). Today, he owns 14 short-term rentals (and counting!) and has made over $1.5 million in booked reservations on Airbnb.



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There are numerous benefits to becoming a host, but it's important to remember that it takes time and money to do it correctly. The hosts who have an entrepreneurial mindset and treat their rental like a business often make the most money and become millionaires.

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The richest US hosts, though, make well above the national average. According to Tipalti's study, Hawaii is the US state with the highest average annual host earnings. There, Airbnb hosts make, on average, a whopping $73,247 per year.

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Running an Airbnb property can provide extra income on the side for hosts, and it could even generate five or six figures in annual revenue for those who have multiple listings. Although it's not suited for everyone, Airbnb offers a number of ways for homeowners or renters to benefit from its extensive platform.

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According to Tipalti's study, Hawaii is the US state with the highest average annual host earnings. There, Airbnb hosts make, on average, a whopping $73,247 per year. Tennessee hosts follow right after, with $67,510 per year thanks to the state's many gorgeous properties and attractions.

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As of Aug 24, 2023, the average hourly pay for an Airbnb Host in the United States is $17.66 an hour. While ZipRecruiter is seeing hourly wages as high as $29.81 and as low as $10.34, the majority of Airbnb Host wages currently range between $14.42 (25th percentile) to $19.23 (75th percentile) across the United States.

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The majority of hosts pay a flat rate of 3% of the booking subtotal, which is made up of the nightly rate, cleaning fee, and additional guest fees. The flat rate does not include Airbnb fees and taxes. Generally, guests pay a service fee of around 14% of the booking subtotal.

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On average, hosts in the United States make more than $9,000 per year, according to Airbnb, but those numbers vary. Some hosts buy or lease a number of apartments or homes and rent them out full time. Your earning potential depends on: How much you charge for your space.

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How much can you make as a co-host? Co-hosts earn about 10-20% per booking. For example, if you co-host an Airbnb that earns $30,000 per year, you can expect to earn roughly $3,000-$6,000. If you take on extra duties and essentially take care of the entire process, you could earn as much as 25% per booking.

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For investors who love profits, short-term rental platform Airbnb (ABNB -1.24%) has them in spades. In 2022, the company recorded its first full calendar year of positive net income. And it did so in style. Airbnb generated revenue of $8.4 billion and earned net income of $1.9 billion.

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Discover now!
  1. Make your guests feel welcome. Your Airbnb rental will be your guests' home away from home, so make sure your place is clean and tidy before guests come there. ...
  2. Price your listing reasonably. ...
  3. Hire professional cleaners. ...
  4. Build your team. ...
  5. Install smart locks. ...
  6. Automate routine tasks.


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According to the latest reports, the short-term rental industry will witness unprecedented growth in the coming years. This means that Airbnb rentals will also be profitable and prove to be a good investment for real estate investors.

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Conclusion. In conclusion, it's not too late to start an Airbnb and become a host in 2023. While the competition may be stiffer than it was a few years ago, there are still plenty of opportunities for those willing to put in the work.

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The Cons of Booking AirBnB:
  • Con: Exorbitant fees.
  • Con: Service is not consistent.
  • Con: What you see may not be what you get.


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The main downside of using Airbnb for short-term rentals is that the platform charges its hosts a commission for each booking. This can eat into your profits, depending on the length and scale of your rental offerings.

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These are some of the things that you should take care of when deciding whether or not to host on Airbnb.
  • You might need additional Insurance for your vacation rental. ...
  • Local Laws May Not Allow Short-Term Renting. ...
  • Consider the Additional Costs of Hosting. ...
  • Inconsistent Income.


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The hosts pay for the entire Airbnb service fee. This means the guest doesn't have to pay an additional guest fee when placing a booking. The minimum host service fee starts at 14% but can increase to 20%.

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These Were Airbnb's Most Popular Rentals in 2021
  • Maison Lafleur.
  • Mariner Boathouse.
  • Villa Amalfi.
  • The Woodlands House.
  • The Kingdom A-frame.
  • Crow's Nest.
  • Raven Rock Treehouse.
  • Zion EcoCabin.


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The country with the most Airbnb demand is the United States, with 99.5 million nights booked in 2021. They also had an increase of about 33 million nights booked from 2020 to 2021.

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