London knocked from top spot as most expensive city in the world to work
00:00
100%
The Most Expensive City to Live and Work in Is...
Oil prices jump
After oil drops, gold pops
McDonald's makes changes for the health conscious
Stock Up on Summer Barbecue Foods This 4th of July
Dishes that pack a caloric punch
Hidden Household Uses of Hydrogen Peroxide
Fox may be in trouble if Ailes exits, Cramer says
Frank Keating: Certaintly voting for Trump
Hacker Reveals Top DNC Donor Data
Eating Healthy on a Budget
Shark Tank's O'Leary: My concerns on Amazon
Bernie Sanders endorses Hillary Clinton
This couple quit their job to take a one year vacation
Amazon hits all-time high
Best & worst since Brexit bottom
Get Financially Fit with a Home Gym
LeBron James opts out of $24M contract
New signs luxury market cooling
Trump ignites trade wars talk
Stocks to Watch: June 28, 2016
3 things to watch ahead of FedEx earnings
OUR BEST GAS-SAVING TIPS EVER
Is pet insurance worth it?
Young Money: Vacation Tips
See Savings When Buying Glasses Online
Housing market boom or bust?
Economic problems structural: Pro
3 Stocks to Watch: June 6, 2016
Learn to speak 100 languages with this app
It's no secret secret that living and working in New York is expensive – the cost of living is so high that even those making six figures can still only manage to get by comfortably.
New York is undoubtedly one of the most expensive cities in the country, seemingly only rivaled by the home of Silicon Valley home, San Francisco.
SEE ALSO: Here's how Brexit could affect your travel plans
But it looks like the Big Apple just took another big title.
New York City has knocked London from the top spot as the most expensive city to work in the world.
The Wall Street Journalreports:
"Total accommodation costs in New York for one employee over a year were $114,010 in July, up 2% from December last year."
London costs, on the other hand, dropped an astonishing 11 percent to just over about $100K a year.
Is Brexit to blame?
Experts are hinting that it's possible.
Yolande Barnes, head of world research at Savills, explained:
"Brexit has made London more competitive, at least in terms of cost. Of course, other factors might mean it won't be."
Though New York might have clinched the top spot as most expensive for the career-oriented, we think it's safe to say that neither city is a bargain.
Now, check out the 10 cities with the highest cost of living in the world:
More on AOL.com:
Bark & Co's New York City office is a dog lover's dream
5 best cities for going car-free
What $1,500 rent gets you in America's biggest cities