New Research Reveals Being an Airbnb Host Is the Most Profitable Side Gig Out There

It brings in nearly $1,000 a month for most hosts.

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If you, like 24 percent of Americans, have been contemplating taking on a side hustle to supplement your income, you're going to want to read on. While plenty of platforms allow you to pull in some extra dollars, often while working from home, there is only one that can earn workers more than $500 a month, according to an analysis by the loan startup company Earnest.

No, it's not Etsy, or even Uber or Lyft. The highest-earning digital platform is the home-sharing service Airbnb.

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Why go far to sightsee? From your cottage, you can enjoy a picture-perfect view of Isle of Skye’s best asset: the breathtaking landscape. For seal-watching, head through Lower Breakish to the sea, where cute marine mammals lazily lounge on rocks and float on their backs. When you’re ready to people-watch, join the locals in town where you can practice ordering a beer in Gaelic. ⠀⠀⠀⠀⠀⠀⠀ Photo: @scotcisch

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After compiling more than two years of data from tens of thousands of loan applicants, Earnest found that hosts on the short term vacation rental site make, on average, a whopping $924 per month. That's more than twice as much as the next highest-ranking service, TaskRabbit (average of $380/month).

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Desert beauty surrounds you here, but on July afternoons it sure helps to have a place that’s pretty on the inside, too. Once it starts to cool off, grill up some dinner or just roam the grounds. If you’re lucky, you might meet Lady, the desert tortoise who lives on the property and sets the perfect pace for your visit. ⠀⠀ Photo: @thejoshuatreehouse

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But that's just an average. Earnest found a wide range of earnings, likely because Airbnb rates are dependent on your location and nearby hotel prices, among other factors. Some Airbnb users made less than $200 each month, while others brought in more than $10,000.

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If you were a 1974 Airstream trailer, where would you want to spend your retirement years? A Temecula Valley hilltop with a private deck and a 360-degree view has to be pretty high on the list. Your guests would be happy, too, since they’d be able to walk to seven wineries, including Maurice Car’rie, which serves up freshly baked, brie-infused sourdough alongside some refreshing summertime whites. ⠀⠀⠀⠀⠀⠀⠀ Photo: @iamninat

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Here's how the rest stack up:

1. Airbnb

Average per month: $924

Median per month: $440

2. TaskRabbit

Average per month: $380

Median per month: $110

3. Lyft

Average per month: $377

Median per month: $210

4. Uber

Average per month: $364

Median per month: $155

5. DoorDash

Average per month: $229

Median per month: $100

6. Postmates

Average per month: $174

Median per month: $70

7. Etsy

Average per month: $151

Median per month: $40

8. Fiverr

Average per month: $103

Median per month: $60

9. Getaround

Average per month: $98

Median per month: $109

(h/t Apartment Therapy)

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