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The fare hikes range from a quarter for cash fares on buses, subways and trolleys to $9 for a Monthly TransPass. The cost of a cash fare will go up another 25 cents to $2.50 when New Payment Technology, or NPT, is instituted in 2014.
In addition to parking, the price of gas in New York is often 5-10% higher than the national average, and insurance can also be pricey. According to carinsurance.com, the average insurance rate for drivers in Manhattan tops $4,000 per year.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.