Photo by LaurenPM

Today in nation-wide rankings that reveal an obvious truth about D.C.: Our city is the second most expensive rental market in the country.

According to a report released by the National Low Income Housing Coalition late last month, D.C. is among the most expensive rental markets in the nation, with an individual needing to earn at least $28.25 an hour to afford a two-bedroom rental unit in the city. For comparison, $18.92 is needed to afford a two-bedroom rental unit at Fair Market Rent.

Even though the rental market in D.C. is one of the highest in the nation, Out of Reach 2014 found that the problem persists throughout the country. According to the report, “at the current federal minimum wage of $7.25…it would take more than two people working full-time minimum wage jobs to afford a decent two-bedroom rental home for their family.” The only state with a higher rental market than D.C. is Hawaii, where a person would need to earn at least $31.54 an hour in order to rent a two-bedroom rental unit.

But the problem, says NLIHC President and CEO Sheila Crowley, isn’t that minimum wages are too low, but that it’s a nation-wide housing affordability crisis. ”We fully support increased wages, as well as improving the tax code to be fairer. Raising the federal minimum wage to $10.10 an hour would benefit millions of low income Americans; however, it unfortunately would an insufficient response to America’s housing affordability crisis,” Crowley said in a statement.“Increasing the stock of affordable housing is a critical part to addressing the extreme shortage of affordable housing in America.”

You can see the full results from the NLIHC’s report—which breaks down the most expensive jurisdictions, how many minimum wage hours are needed to afford rent in different states, and more stats—here.