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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.
In comparison, a 20km taxi ride in Bern, Switzerland will cost you $90.80 and a 20km taxi ride in London will cost you $64.00. Compare this to New York, and youâll see that itâs actually not that expensive. In New York, the average 20km rate is at $33.70. However, in other US cities, itâs considerably cheaper.axi Driver Salary In New York City. Itâs really hard to say how much money New York City taxi drivers can earn. It all depends on how much they drive, their tips, their hours, and other factors. In 2010, however, the average salary for a New York City taxi driver was $30,650.