For the second year in a row, a group studying the chasm between declining wages and soaring rents found that nowhere in the U.S. can a minimum-wage worker afford a two-bedroom apartment at the fair market rent.

In its signature Out of Reach report released this week, the National Low Income Housing Coalition determined that a full-time hourly worker would need to earn $24.90 an hour, more than three times the $7.25 federal minimum wage, in order to afford a $1,295-a-month rental home. That’s the average “fair market rent” in the U.S., according to the U.S. Department of Housing and Urban Development.

“It keeps telling the same story,” said Anne Ray, manager of the data clearinghouse at the University of Florida’s Shimberg Center for Housing Studies. “Housing costs have really just come unhinged from wages for a lot of jobs and a lot of common jobs like retail, hospitality, customer service, in some early career teaching, pre-school, in part child care.

“Somehow things are to the point where even though there’s that huge demand for relatively low-cost housing, the units aren’t getting produced.”

According to the report, Florida is one of the states where the gap between the minimum wage and what’s actually necessary to afford modest housing is widest.

The state minimum wage is $8.56, equivalent to $17,804 a year and, after Amendment 2 was passed last November, will increase to $10 in September. But to be able to afford a two-bedroom unit at the $1,290 fair market rent, you’d need to make $24.82 an hour, which amounts to $51,619 for a yearly salary.

Put another way, a minimum-wage worker would have to work 115 hours a week.

“This report affirms the sad truth, what we already know about Florida’s housing crisis: The average person is priced out of the market,” said Sen. Victor Torres, who was elected to the Legislature in 2012 and represents Osceola County and parts of Orange County. “When it comes to rents, they’re $1,300, $1,400, $1,500 a month depending on if you need a two-bedroom or a three-bedroom. It’s just not fair.”

In New Hampshire, which has the 13th-highest housing wage in the nation, but among the lowest minimum wages, the situation is even more stark. According to the coalition’s numbers, the average cost of a two-bedroom apartment in the Granite State is $1,286 per month. The coalition says at the state’s $7.25 minimum wage, a worker would have to work 136 hours per week to afford even a one-bedroom space.

“For people who can work, one full-time job should be enough,” the NLIHC contested in its report.

But the affordable housing shortage doesn’t just affect working families. Florida’s seniors who are on fixed income also struggle.

In the Orlando metropolitan area, Ray said there are about 240,850 people who get Social Security retirement benefits. The average benefits are between $1,341 and $1,559 per month, meaning they’d have to find a two-bedroom rental for $402 to $468 a month in order to avoid spending more than 30% of their income on rent. Otherwise, a one-bedroom “fair market rent” apartment would eat up as much as 75% of their Social Security.

The result is a state with millions of households, of various ages and income levels, that spend a big portion of their pay on rent, making it more difficult to save, handle an unexpected expense or break into homeownership. The Shimberg Center has found that 1.4 million renter households spend at least 30% of their yearly income on rent, and of those, 938,957 pay even more.

During the pandemic, when droves of workers were suddenly laid off or furloughed, that had devastating effects. With no income and not much savings, paying rent simply became impossible, and despite eviction moratoriums and rental assistance programs set up to help, thousands of people were evicted while the coronavirus was spreading.

As the report points out, most new rental housing that gets built is for high-income renters to balance out high development costs and landlords can “virtually never, without state or federal subsidies” afford to rent out their units at a price that the lowest-income renters can afford.

That’s led to a shrinking supply of affordable homes — for renters and buyers.

But aside from building to fix the shortage, the National Low Income Housing Coalition and the Biden administration is pushing for a massive expansion of housing programs for the poor, including universal rental assistance to increase the funding for housing vouchers programs, which allow people to rent from the private market while only paying a portion of the rent. The rest is offset by the housing voucher, which is administered by the local housing authority directly to the person’s landlord.

Right now, only 1 in 4 very low-income renters who are eligible for voucher programs receive one.