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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.
New York Cityâs 12,779 yellow medallion taxicabs comprise a $1.8 billion industry. serving about 240 million passengers a year. Taxis are a vital part of New York Cityâs. transportation network, transporting 25% of all fare-paying bus, subway, taxi and for-. hire vehicle passengers traveling within Manhattan and collecting 45% of fares paid for.