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February 18, 2014

Report: Oil-Boom City of Williston, North Dakota Has Highest Rent in the U.S. 
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The oil-rich city of Williston, North Dakota, now has the highest
average rent in the United States, surpassing both San Francisco and New
York City. Williston is at the center of a boom in domestic oil
production fueled by fracking in the Bakken Shale. The population has
surged in recent years, with many oil workers unable to find housing.
According to the website Apartment Guide, a one-bedroom apartment in
Williston now costs nearly $2,400 a month –- almost $900 more than the
average in New York City.

 

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