UDR Investor Presentation
household income
Increase of average
incomes vs. pre-COVID(2)
DIVERSIFIED AND HIGH-QUALITY RESIDENT BASE(1)
Household income, wage growth, and resident credit quality support current and future demand.
$161K
Average annual
ā 24%
174%
Above median
MSA income
Low/Mid-20%
Average rent-to-
income ratio
UDR Same-Store Portfolio
Avg. Resident Age
35
Seattle
Avg. Household Income ($000s):
$161
Avg. Household Income ($000s):
$172
vs. MSA Median Income:
174%
Boston
Avg. Household Income ($000s): $206
vs. MSA Median Income:
157%
% High-Income MSA Jobs:
<->
vs. MSA Median Income:
194%
% High-Income MSA Jobs:
ā
% High-Income MSA Jobs:
San Francisco Bay Area
Avg. Household Income ($000s):
$226
vs. MSA Median Income:
159%
% High-Income MSA Jobs:
Orange County
Avg. Household Income ($000s):
$187
vs. MSA Median Income:
176%
% High-Income MSA Jobs:
Primary Coastal Markets
Other Coastal Markets
Sunbelt Markets
Sunbelt Markets
Avg. Household Income ($000s):
vs. MSA Median Income:
$128
168%
% High-Income MSA Jobs:
New York City
Avg. Household Income ($000s):
$363
vs. MSA Median Income:
455%
% High-Income MSA Jobs:
-->
Metro Washington, D.C.
Avg. Household Income ($000s):
$129
vs. MSA Median Income:
111%
% High-Income MSA Jobs:
>35% of Jobs are High-Income
>30% and <35% of Jobs are High-Income
<30% of Jobs are High-Income
(1) Data as of March 31, 2023. Resident Age, Household Income, and Household income versus MSA Median Income are based on UDR portfolio attributes. Analysis of job quality stratification (High-Income, Medium-Income, and Low-Income) reflects employment trends at the
market level (or aggregated market level in the case of Sunbelt Markets) and are not necessarily reflective of UDR's resident profile. The intent of this analysis is to demonstrate the quality of potential residents based on the total addressable market. Jobs are classified by
industries as defined by the Bureau of Labor Statistics category: segmentation is done across Mining/Logging/Construction, Manufacturing, Trade/Transportation/Utilities, Information Services, Financial Services, Professional and Business Services, Education and Health
Services, Leisure and Hospitality, Federal/State/Local Government, and Other Services.
Pre-COVID defined as period ending February 2020.
(2)
Source: Company documents and Bureau of Labor Statistics.
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