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According to an April 2011 study by the Chicago Dispatcher, New York City taxis have a relatively low standard fare, charging an estimated $14.10 for a distance of five miles and five minutes wait time (compared to an estimated $18.48 in West Hollywood, CA and $12.87 in Houston, TX).till, as of December 2014, the number of new NV200 cabs in New York City remained low. The deployment of the city's Taxi of Tomorrow would result in almost all the existing fleet, of which about 6,000 are hybrid electric vehicles, to be replaced within 3 years with the non hybrid Nissan NV200 passenger van.
As a result, their value rose tremendously. Every cab in New York City has to have a medallion. And the city strictly limits the number â currently just over 13,000. So as New York has prospered over the past few decades, the price of medallions has gone through the roof.The maximum amount a cab leased out to drivers can earn over a year is $82,524.acob Goldstein has a similar theory. Every cab in New York City has to have a medallion. And the city strictly limits the number â currently just over 13,000. So as New York has prospered over the past few decades, the price of medallions has gone through the roof.