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Boston Taxis- What Are They Worth?.
including a decisive role for the American Revolutionary War.
Boston taxi services cost more than other comparable metropolitan cities in the states. Initial price is $2.60.
it is all about the medallion
To Boston taxi drivers — most of them immigrants who average seventy two hours a week commuting somebody else’s cab to net maybe $550 — the medallions are like gold, keys to higher quality lives for themselves and their their families. As a result, the medallions that were $50 in 1935 now demand a good deal more, causing them to be the second costliest in the country after New York City’s. While the cost keeps increasing, the cabbies keep driving and driving and struggling to keep up.
Plus the bad financial crisis and also the rising gas prices. it’s actually no surprise that Boston taxis are expensive.