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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.
Pricey Parking: New York City parking lots have some of the highest parking rates around, with the average hourly rate ranging from $11-$15 per hour. In order to get your money's worth at a parking lot is to park at one spot and leave your car there all day. New York's subway system is the largest and most efficient in the country, so if you want to explore the city, leave your car parked in one spot, and take the subway to your various destinations.