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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.
Eating out in the Big Apple is even less affordable. A meal at an inexpensive restaurant in New York costs $15, and a meal for two at a moderately expensive restaurant costs $75. Those prices are 50% and 67% higher the national averages, respectively.Your best bet may be to eat at one of the cityâs many food trucks, although even those can be expensive.f youâre okay giving up your car, New Yorkâs public transportation system is one of the best in the countryâand one of the most expensive. A monthly transit pass in New York costs $116.50 per month, about 75% greater than the national average.